subject
Business, 22.02.2020 02:24 stina2021

Grossnickle Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity?
a. $1,142.03
b. $1,201.35
c. $1,113.48
d. $1,232.15
e. $1,171.32

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:00
Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.
Answers: 1
question
Business, 22.06.2019 09:40
Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?
Answers: 2
question
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
question
Business, 22.06.2019 20:00
The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:
Answers: 2
You know the right answer?
Grossnickle Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of...
Questions
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Biology, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Biology, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Chemistry, 14.09.2020 15:01
question
Social Studies, 14.09.2020 15:01
question
Biology, 14.09.2020 15:01
question
Physics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
History, 14.09.2020 15:01
question
English, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Mathematics, 14.09.2020 15:01
question
Social Studies, 14.09.2020 15:01