1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
White raven [17]
3 years ago
6

Williams Company plans to issue bonds with a face value of $605,000 and a coupon rate of 6 percent. The bonds will mature in 10

years and pay interest semiannually every June 30 and December 31. All of the bonds are sold on January 1 of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Determine the issuance price of the bonds assuming an annual market rate of interest of 6 percent.
Business
1 answer:
marysya [2.9K]3 years ago
7 0

Answer:

$605,000

Explanation:

According to the scenario, computation of the given data are as follows,

Face value = $605,000

Coupon rate = 6%

Rate of interest = 6%

As coupon rate and market interest rate is similar, then in this scenario issuance price of the bond is equals to face value of the bond.

Then, Issuance price of bonds = Face value of bonds

Issuance price of bonds = $605,000  

You might be interested in
"E3-26A Record manufacturing overhead (Learning Objectives 5 & 6) Refer to the data in Exercise 3-25A. Smith’s accountant fo
Kipish [7]

Explanation:

Journal entries are used by Accountants to post transactions into the respective General Ledger of a business.

It typically shows a debit side which records increase to expenses or Assets, it also could be a reduction to Income or Liabilities (if it is an adjustment Journal). And it also shows a credit side which records an increase to Income or Liability, it could also be a reduction to expense or Asset (if it's an adjustment journal)

4 0
3 years ago
An individual is at a restaurant with two other people and they are trying to determine the tip for their check total which came
wariber [46]

Answer: $10.00

Explanation:

The individual and the other two are trying to pay an 18% tip so the amount they should tip can be calculated by:

= Check total * 18%

= 57.38 * 18%

= $10.3284

= $10.00 to the nearest dollar

5 0
3 years ago
When a country experiences capital flight, its net capital outflow, a. which is part of the demand for loanable funds, increases
Dahasolnce [82]

Answer:

D

Explanation:

Capital flight will reduce the quantity of money supply that can be loaned to investors.

8 0
3 years ago
Local playground equipment company plans to operate out of its current factory, which is estimated to last 30 years. all cost de
OLEGan [10]

All cost decisions it makes during the 30 year period is,

are zero because the cost decisions were made at the beginning of the business

6 0
3 years ago
A fry cook at a fast food
scZoUnD [109]

Answer: a) call his manager

Explanation: he should call his manager and take a day off to go see his doctor.

4 0
1 year ago
Other questions:
  • To help travelers know what to expect researchers collect the prices of commodities
    9·1 answer
  • Shane's Catering began with cash of $10,000. Shane then bought supplies for $2,300 on account. Separately, Shane paid $7,500 for
    7·1 answer
  • Sean and Yvette Durand live in Swarthmore, PA. Their son, Bob, owns his own plumbing business.
    13·1 answer
  • Help asap
    6·2 answers
  • What is the best car in the market? How much is it?
    7·1 answer
  • When utilizing mbo, the manager and employee jointly set objectives for the employee, the manager develops action plans, the man
    9·1 answer
  • In the Chase case, Chase segmented customers based on the types of rewards they preferred. Which segmentation strategy does Chas
    6·1 answer
  • GDP data (billions of dollars)
    15·1 answer
  • Which of the following has inelastic demand: O Movie tickets Ice cream O Televisions Bread​
    9·1 answer
  • Cumberland Co. sells $1,114 of merchandise to Hancock Co. for cash. Cumberland paid $779 for the merchandise. Under a perpetual
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!