Bonds with a stated interest rate of 9% and a face value totaling $475,000 were issued for $494,000 on January 1, 2016, when the market interest rate was 8%. The company uses effective-interest bond amortization. Required: Determine the carrying value of the bonds at December 31, 2017. (Round your answer to nearest whole dollar.)
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Awidower devised his fee simple interest in his residence as follows: âto my daughter for life, then to my oldest grandchild who survives her.â at the time of the widowerâs death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughterâs son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelleyâs case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?
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In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that âprices had risen by 21.6 percent since the base periodâ to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5
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Bonds with a stated interest rate of 9% and a face value totaling $475,000 were issued for $494,000...
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