A $2,200 bond at a 10.9% interest rate is purchased at 70% of face value. What is the rate of annual yield to the investor? Assume the bond is purchased on the interest date
15%;
You might also like to view...
Which one of the following subsequent events will least likely result in an adjustment to the financial statements?
a. Material change in the amount of settlement of a lawsuit which had been estimated at year end. b. Bankruptcy of a customer who owes your client a material amount on open account at year end for which there is an inadequate allowance estimate. c. Sale of a large block of inventory at a price materially below carrying value. d. Signing of a letter-of-intent by the client to acquire 55% of another entity for stock.
In the sentence Beth and the sales representative reviewed the product descriptions on the website, the word descriptions is a(n) ____
A) adverb B) noun C) interjection D) verb
A company received a utility bill of $600 but did not pay it. Indicate the amount of increases and decreases in the accounting equation.
What will be an ideal response?
Your client wants to avoid any penalty for underpayment of estimated taxes by making timely deposits. Determine the amount of the minimum quarterly estimated tax payments required to avoid the penalty. Assume your client's adjusted gross income last year was $140,000.Last year's tax liability$40,000This year's estimated total tax44,000Taxes to be withheld for this year9,000
A. $8,750 B. $7,750 C. $7,650 D. $11,000