Rick bought a bond when it was issued by Macroflex Corporation 14 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. Interest is paid every six months; the next interest payment is scheduled for six months from today. Assuming the yield on similar risk investments is 14 percent, calculate the current market value (price) of the bond.
A. $841.15
B. $1,238.28
C. $904.67
D. $757.26
E. $844.45
Answer: A
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Treasury stock shares are
a. shares held by the U.S. Treasury Department b. part of the total outstanding shares but not part of the total issued shares of a corporation c. unissued shares that are held by the treasurer of the corporation d. issued shares that have been reacquired by a corporation
On May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the payment of the note by Jarrett Company on the maturity date?
A. Debit Notes Payable $7,500; credit Cash $7,500. B. Debit Notes Payable $7,500; debit Interest Expense $150; credit Cash $7,650. C. Debit Notes Payable $7,650; credit Cash $7,650. D. Debit Cash $7,650; credit Interest Revenue $150; credit Notes Receivable $7,500. E. Debit Notes Payable $7,500; credit Interest Expense $150; credit Cash $7,350.
A corporation that uses subsidiary corporations to operate in more than one country cannot be termed as a multinational corporation
Indicate whether the statement is true or false
An advantage of an expert system is that it is capable of solving a wide variety of problems, including those that are quite different from the problems it was originally designed to solve.
Answer the following statement true (T) or false (F)