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This question relates to the valuation of bonds.
Bradley White, a retired school teacher, has two 8 per cent per annum $100,000 Australian Government bonds that mature on 15 May 2020 and 15 May 2024 respectively. At the date of the last half-yearly interest payment, viz.,15 November, 2016, both bonds were selling at par.Since then, interest yields on bonds have risen by 2% per annum, compounded half-yearly. Sarah now intends to sell the bonds and put a deposit on a country property.
i) Calculate the price she will receive from each bond if she sells on 15 May, 2017 at the new yield, immediately after receiving the interest payments due that day.
ii) Explain the relative price movements in the two bonds, as evidenced in your answer to i) above.
Lindy Corporation has 1,000,000 authorized shares of $20 par value common stock. As of June 30, 2014, there were 600,000 shares issued and outstanding. On June 30, 2014, the board of directors declared a $0.50 per share cash dividend to be paid on..
Compute the amount of gross profit to be recognized in each of the three years. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Garcia Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes in northern New Jersey and southern New York.
Lease versus buy decision, ROI, residual income, EVA, manager incentives Refer to the information in Problem 15.28. The manager of Midwest Mining is considering a new project. Calculate the new ROI if the equipment is (1) purchased or (2) leased. Cal..
Surplus, Inc. uses a periodic inventory system and the had the following activity for 2007: Calculate the ending inventory and cost of goods sold using the LIFO and FIFO methods.
question 1 you are a graduate accountant employed by murray certified practising accountants. one of your clients sandy
Daniel invested a total of $50, 000 in two funds A and B. He earned 8% on his investment in fund A and 12% on his investment in fund B. If he earned a total of $4, 800 for the year, how much did he invest in each fund?
On January 1, 2013, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. How much interests will Boston pay (in cash) to the bond..
Pratt Corp. started accounting period with $31,000 of assets, 12,500 of liabilities, and $16,000 retained earnings. During the period, the Retained Earnings account increased by $16,550. The bookkeeper reported that Pratt paid cash expenses of $31,50..
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: The company also established the following cost formulas for its sell..
Calculate the average age of Lozier's inventory for 2010 and 2011. Assume a 360-day calendar year.
Computador has a manufacturing plant in Des Moines that has the theoretical capability to produce 335,000 laptops per quarter but currently produces 100,500 units. In addition to the processing time per unit used, the production of the laptops uses 1..
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