The Coleman Company’s 15-year $1,000 par-value bonds currently sell for $965.77 and currently have a yield to maturity equal to 8.0%. Assuming interest is paid annually, what is the coupon rate?

Wriston company is preparing its cash budget for the upcoming month. the beginning cash balance for the month is expected to be $15,000. budgeted cash disbursements are $72,500, while budgeted cash receipts are $89,600. wriston company wants to have an ending cash balance of $30,000. the excess (deficiency) of cash available over disbursements for the month would be