What is the value of a $1,000 par value bond with a 12% annual coupon that will mature in 5 years if the bond is currently priced to yield 10%?
A) $955.76
B) $1,000.00
C) $1,075.82
D) $1,158.52
Answer: C
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A firm’s____ are its tangible and intangible assets a firm uses to choose and implement its strategies.
a. Resources b. Dynamic capabilities c. Core competencies d. Net worth e. None of the above
Which item is not true with respect to simplifying the recording of income and expenses?
A) Use cash to pay bills whenever possible. B) Code income and expense items on your check stubs and bank deposits. C) Use bank-provided bookkeeping services, if they are available and reasonably priced. D) Use a personal computer, if you own one.
[The following information applies to the questions displayed below.]On January 1, Year 1, Victor Company issued bonds with a $250,000 face value, a stated rate of interest of 6%, and a 5-year term to maturity. The bonds sold at 95. Interest is payable in cash on December 31 of each year. Victor uses the straight-line method to amortize bond discounts and premiums.What is the amount of cash flow from operating activities on the statement of cash flows for the year ending December 31, Year 3?
A. $17,500 B. $14,250 C. $12,500 D. $15,000
Which of the following is a reason companies use standard costs?
A) to enhance customer loyalty B) to set sales prices of products and services C) to share best practices with other companies D) to ensure the accuracy of the financial records