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Calculate Bond's Yield to Maturity
Consider a coupon bond that has a $1,000 per value and a coupon rate of 10%. The bond is currently selling for $1,150 and has 8 years to maturity. What is the bond's yield to maturity?
To calculate the bond's yield to maturity using a financial calculator: N = 8; PMT = 1000 × 0.10 = 100; FV = 1000; PV = 1150.
Are revenue and expense accounts permanent accounts and should not be closed at the end of the accounting period?
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Oswald Corporation reported the following information on operations for 2009: Revenue = $2,000 Cost of goods sold = $850 Operating expenses =$395 Depreciation =$248
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