The corner grocer has a 7-year, 6.5 percent semiannual coupon bond outstanding with a $1,000 par value. the bond has a yield to maturity of 5.5 percent. which one of the following statements is correct if the market yield suddenly increases to 7.25 percent? a) the bond price will decrease by 9.27 percent. b) the bond price will increase by 3.86 percent. c) the bond price will decrease by 8.64 percent. d) the bond price will increase by 7.16 percent. e) the bond price will increase by 7.04 percent

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)