Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face value of $200,000. Interest payments are made semi-annually. The market rate for this type of bond is 8%. What is the issue price of the bond (rounded to nearest whole dollar? (Use a financial calculator or Excel)
A. $139,609.
B. $200,000.
C. $214,877.
D. $186,410.
Answer: D
You might also like to view...
Which organizational structure is most likely to result in good documentation procedures?
a. separate systems development from systems maintenance b. separate systems analysis from application programming c. separate systems development from data processing d. separate database administrator from data processing
One reason flattering others is an important tactic for career advancement is that it helps build constructive relationships with superiors
Indicate whether the statement is true or false.
What is a store's image, and how does it affect retailing strategy decisions?
What will be an ideal response?
In preparing a work sheet an adjusted trial balance amount is mistakenly sorted to the wrong work sheet column. The Balance Sheet columns will balance on completing the work sheet but with the wrong net income, if the amount sorted in error is:
A. A liability amount placed in the Balance Sheet Debit column. B. An expense amount placed in the Balance Sheet Credit column. C. A revenue amount placed in the Balance Sheet Debit column. D. An asset amount placed in the Balance Sheet Credit column. E. A liability amount placed in the Income Statement Credit column.