A firm is planning to issue a callable bond with a coupon rate of 8% and 10 years to maturity. A straight bond with a similar coupon is priced at $1,000. If the value of the issuer's call option is $60, what is the value of the callable bond?
A. $1,060
B. $940
C. $1,000
D. $970
Answer: B
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Which of the following items will not appear on a cash budget?
A. Expected cash collections B. Financing activities C. Expected cash payments D. Expected credit sales
A company's interest expense is $15,000. Its income before interest expense and income taxes is $86,250. Its net income is $31,900. The company's times interest earned ratio equals:
A. 0.37. B. 0.47. C. 5.75. D. 2.70. E. 0.174.
Use the cost information below for Sundar Company to determine the total manufacturing costs added during the current year: Direct materials used$19,000 Direct labor used 24,500 Factory overhead 55,100 Beginning work in process inventory 10,700 Ending work in process inventory 11,300
A. $79,000. B. $42,900. C. $98,600. D. $43,500. E. $98,000.
_____, also referred to as smileys, are a group of characters arranged to look like a face and are used to personalize e-mail messages
Fill in the blank(s) with correct word