Answer:
C) 10.92 years worth of payments
Explanation:
Answer:
A. $880
B. -$752.23
Explanation:
Calculation to determine the conversion value of the issue
First step is to calculate the Conversion ratio using this formula
Conversion ratio=Per value of security/ Conversion price
Let plug in the formula
Conversion ratio=$1,000/$25
Conversion ratio=40
Now let determine the Conversion value using this formula
Conversion value =Conversion ratio*Conversion price
Let plug in the formula
Conversion value=40*$22 per share
Conversion value=$880
Therefore the conversion value of the issue is $880
B. Calculation to determine the Straight bond value of the issue
Using financial calculator to the Present Value (PV)
PMT=8%*1,000=80
N=12 years
1/Y=12%
FV=1,000
PV=-$752.23
Therefore the Straight bond value of the issue is -$752.23
Answer:
Client refers to the entire customer organization.
Explanation:
- A client is a person or a group that buys and pay for the goods or services and have an arrangement and relation with the sellers and they can sell goods or provides the services.
- They can be customers and participants of the goods and services produced and they may be external or internal to the company. Thus is someone who engages in a business or profession a example of a college tutoring center.
Answer:
Explanation:
Real Estate Recovery Trust Account are accounts that are funded by administrative penalties and dispersed to consumers that are owed damages due to a license holder's conduct and subsequent inability to pay. These licence holders may be charged an additional $10 fee on the renewal date in order to make up for the substantial drain, or receive a special assessment if the replenishment is urgent.