Answer:
$1,073.60
Explanation:
bond's current price = PV of face value + PV of coupons
maturity = 10 years
face value = $1,000
coupon rate = 7% annual
market rate = 6%
PV of face value = $1,000 / (1 + 6%)¹⁰ =$558.39
PV of coupons = coupon x annuity factor (10 years, 6%) = $70 x 7.3601 = $515.21
market value at issue date = $558.39 + $515.21 = $1,073.60
since the bond's coupon rate was higher than the market rate, the bond was sold at a premium.
Answer: Athletes and entertainers must be very careful to think before they tweet or post anything to other social media sites. Because of the immediacy of this type of interaction and the high visibility of celebrities, one social media post could cause a whole lot of damage. Many celebrities have found this out firsthand. Take, for example, the case of Mark Cuban, owner of the NBA Dallas Mavericks. After his team got beat, he used his Twitter account to let off some steam at the referees who apparently—he thought—made some bad calls. His public venting cost him $25,000 in fines from the NBA. When he was notified about the fine, Cuban again used Twitter to vent, posting the following tweet on his profile: “can’t say no one makes money from twitter now. the nba does.”
Explanation:
The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.
<h3>What is Retained Earnings?</h3>
Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.
The retained earning is used in the future projects or for buying the equipment for the company.
Learn more about retained earnings here:
brainly.com/question/14529006
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Answer:
optimal capital structure
Explanation:
optimal capital structure can be regarded as a combination of
of debt and equity financing which brings about maximization of amarket value in a firm. It should be noted that optimal capital structure is the combination of debt financing and equity financing that maximizes a firm's value.
The unemployment rate is not considered to be a complete measure because it does not count discouraged workers.
<h3>How is the unemployment rate calculated?</h3>
The unemployment rate includes only people who are still actively searching for work and they have to be in the labor force.
People who have looked for jobs for a while and then got discouraged and given up, are not counted as unemployed which therefore depresses the unemployment rate.
Find out more on the unemployment rate at brainly.com/question/13280244.
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