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Juliette [100K]
4 years ago
6

Scottie adams bird supplies issued 10% bonds, dated january 1, with a face amount of $240,000 on january 1, 2018. the bonds matu

re in 2028 (10 years). for bonds of similar risk and maturity the market yield is 12%. interest is paid semiannually on june 30 and december 31. what is the price of the bonds at january 1, 2018? some relevant and irrelevant present value factors:
Business
1 answer:
notka56 [123]4 years ago
8 0
The answer is :  $ 212,471.00 

Given the Factors : 
PV of annuity due of $1:  n = 20; i = 6% is 12.15812
PV of ordinary annuity of $1: n = 20; i = 6% is 11.46992
<span>PV of $1: n = 20; i = 6% is 0.31180

</span><span>$12,000.00 × 11.46992* = $ 137,639.00 
$240,000.00 × 0.31180** = 74,832.00 
$137.639+$74,832.00 = $ 212,471.00 </span>
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Mr Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.

<h3>What is a contract?</h3>

It should be noted that a contract simply means an agreement between private parties that's enforceable by law.

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3 years ago
Once you learn how to tie your shoes the action becomes part of your
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A business objective is aligned with a _______________ to be fulfilled by the business.
zheka24 [161]

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The correct answer would be option B, Consumer Need.

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3 years ago
Glassmaker has pre-merger $5 in debt and $10 in equity. Rate on debt is 11%. The risk free rate is 6%. The tax rate is 40% . The
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Solution

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