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A bond has the following features:
Coupon rate of interest: 5 percent
Principal: $1,000
Term to maturity: 10 years
a. What will the holder receive when the bond matures?
b. If the current rate of interest on a comparable debt is 8 percent, what should be the price of this bond? Would you expect the firm to call this bond Why?
c. If the bond has a sinking fund that requires the firm to set aside annually with the trustee sufficient funds to retire the entire issue at maturity, how much must the firm remit each year for 10 years if the funds earn 8 percent annually and there is $100 million outstanding?
The XYZ Corporation has expected sales of $2,000,000 next year and profit margin of 10%. The firm has 500,000 shares outstanding. The current P/E ratio is 22 times and it is expected to continue in the future. How much would you pay for this stock to..
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Chris invested $150,000 17 months ago. Currently the investment is worth $180,000. Chris knows that the investment paid interest monthly, but he does not know what yield on his investment. What is Chris's annual percentage return (APR) and EAR?
Companies with rapidly growing levels of sales do not need to worry about raising funds from outside the firm. Do you agree or disagree with this statement? Explain.
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Municipal bonds are currently offering investors a 6% return and corporate bonds with the same maturity and default risk are offering investors an 8% return. What is the after-tax return on municipal bonds for an investor in the 30% tax bracket?
Analyzing Transactions Using Financial Statement Effect Template (LO3) Sefcik Company began operations on the first of October. Following are the transactions for its first month of business. S. Sefcik launched Sefcik Company and invested $50,000 int..
You have decided to enter the candy business. You are considering producing two types of candies: Slugger candy and Easy Out candy, both of which consist solely of sugar, nuts, and chocolate. At present you have in stock 10,000 ounces of sugar, 2,000..
bethany opened a store credit card to purchase a tv for 589. she put the entire purchase on the credit card. her apr is
Snider Industries sells on terms of 3/10, net 20. Total sales for the year are $1,487,500. Thirty percent of the customers pay on the 10th day and take discounts; the other 70% pay, on average, 38 days after their purchases. What are the day’s sales ..
Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $191,800, how many dollars of revenue must the company generate in order to reach the break-even point?
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