If $500,000 of 10-year bonds, with interest payable semiannually, are sold for $494,040 based on (1 ) the present value of $500,000 due in 20 periods at 5% plus (2 ) the present value of twenty, $25,000 payments at 5%, the nominal or contract rate and the market rate of interest for the bonds are both 10%
Indicate whether the statement is true or false
False
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Short-term noninterest-bearing notes receivable are usually recorded at their
A) present value. B) net realizable value. C) principal value. D) maturity value.
When finished products are sold, Cost of Goods Sold is debited and Finished Goods Inventory is credited
Indicate whether the statement is true or false
Rules used to predict movements in stock prices based on past patterns are, according to the efficient markets theory,
A) a waste of time. B) profitably employed by all financial analysts. C) the most efficient rules to employ. D) consistent with the random walk hypothesis.
A ____ instruction causes the processor to depart from sequential instruction order
a. MOVE b. COMPARE c. BRANCH d. HALT