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CaHeK987 [17]
4 years ago
15

Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face value of $200,000. Interest payme

nts are made semi-annually. The market rate for this type of bond is 8%. What is the issue price of the bond (rounded to nearest whole dollar)
Business
1 answer:
-Dominant- [34]4 years ago
7 0

Answer:

 $186,409.7  

Explanation:

The computation of the issue price of the bond is shown below:

Cash flows               Amount  PVF         Present value

Semi annual Interest   $,7000 13.59033 $95.132.31  

Maturity value     $200,000 0.456387 $91,277.4  

Price of bonds                                   $186,409.7  

The number of years is 20

And, the rate of interest is 4%

And please refer to the present value factor table

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In general, what kind of people earn the most money?

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Historically, ____ responsibility means making a profit by producing a product valued by society. It has been the most basic soc
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<span>The answer to the question is letter E. economic.
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3 years ago
Andrew and Marina are married filing joint and have modified AGI of $77,500. Andrew made a contribution to a qualified retiremen
vova2212 [387]

Answer:

$0

Explanation:

The credit rate for retirement savings depend upon several factors. General credit rates are 10%, 20% and 50%.

In case of a couple married and filing jointly the credit rate in case of modified AGI being more than $63,000 = $0.

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Thus, retirement savings contribution credit = $2000 \times 0% = $0.

4 0
4 years ago
Stuart is in charge of Up The Hill Bakery's twitter account. His job is to post updates on events and sales at the bakery and to
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Answer:

True

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3 0
4 years ago
In measuring return-on-investment (ROI) from sport sponsorships, companies have used all of the following methods except A. peri
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