You purchase 30 bonds with a coupon rate of 8.875% and a current market price of 100. The commission charge is $5.00 per bond. The date of the transaction is April 1, and the bond pays interest on January 1 and July 1. What is your total purchase price?
$30,815.63
You might also like to view...
Carl is driven by a desire to pursue work that achieves something of value, such as helping others. Which of the following is most likely his career anchor?
A) Autonomy/independence B) Entrepreneurial creativity C) Service/dedication to a cause D) Lifestyle
Which of the following is not done by positive emotions?
a. They decrease spatial attention. b. They loosen inhibitions. c. They increase visual attention. d. They enhance the ability to use language.
Holstein Computing manufactures an inexpensive audio card (Audio Max) for assembly into several models of its microcomputers. The annual demand for this part is 100,000 units
The annual inventory carrying cost is $5 per unit and the cost of preparing an order and making production setup for the order is $750. The company operates 250 days per year. The machine used to manufacture this part has a production rate of 2000 units per day. (a) Calculate the optimum lot size. (b) How many lots are produced in a year? (c) What is the average inventory for Audio Max? (d) What is the annual holding and setup cost for Audio Max?
The following information is from the 2017 records of Lane Bicycle Shop
Accounts receivable, December 31, 2017 $40,000 (debit) Allowance for Bad Debts, December 31, 2017 prior to adjustment 1,900 (debit) Net credit sales for 2017 177,000 Accounts written off as uncollectible during 2017 18,000 Cash sales during 2017 27,000 Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $5,000 of accounts receivable will be uncollectible. Calculate the ending balance of Allowance for Bad Debts, after the adjustment for bad debts expense, at December 31, 2017. A) $5,310 B) $8,800 C) $9,000 D) $5,000