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August 28, 2015

Search: 40 year maturity, 5.75% coupon rate paid annually, common stock was $55 per share, sold at $1,000 par value what is the annual before-tax interest savings on the convertible issue versus a straight-debt issue?

Number of results: 77,302

finanace
Compute the cost of the capital for the firm for the following:? a. A bond that has a $1,000 par value (face value) and a contract or coupon interest rate of 11.6%. The bonds have a current market value of $1,124 and will mature in 10 years. The firms marginal tax rate is 34...
September 16, 2013 by chris

finance
Wheeler Corporation is planning to expand its business and needs $30,000,000. The company believes that a 12-year term loan can be negotiated with a bank at an annual rate of 10%. Alternatively, an investment banking firm has indicated that it is willing to underwrite a common...
January 9, 2010 by Bill

financial management
Wheeler Corporation is planning to expand its business and needs $30,000,000. The company believes that a 12-year term loan can be negotiated with a bank at an annual rate of 10%. Alternatively, an investment banking firm has indicated that it is willing to underwrite a common...
October 25, 2009 by donna

fin 370
(individual or component costs of capital)Compute the cost of the capital for the firm for the following:? a. A bond that has a $1,000 par value (face value) and a contract or coupon interest rate of 11.7%. The bonds have a current market value of $1,125 and will mature in 10 ...
September 17, 2013 by chris

finance
1. Yest Corporation's bonds have a 15-year maturity, a 7% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, based on semiannual compounding. What is the bond’s price? 2. A 20-year, $1,000 par value bond has a 9% annual coupon. The bond currently...
October 13, 2013 by hannah

fin 3030
2. A new common stock issue paid a $1.50 dividend last year. The par value of the stock is $25, and earnings per share have grown at a rate of 3% per year. This growth rate is expected to continue into the foreseeable future. The company maintains a constant dividend/earnings ...
October 12, 2012 by Anonymous

finance
1. A bond has a $1,000 par value (face value) and a contract or coupon interior rate of 8%. A new issue would have a flotation cost of 5% of the market value. The bonds mature in 10 years. The firm’s average tax rate is 28% and its marginal tax rate is 39%. The current price ...
March 7, 2011 by jamie

Accounting/Finance
Temte Corporation is authorized to issue 1,000,000 shares of no-par common stock and 250,000 shares of 6 percent, $25 par value, cumulative preferred stock. These events affected stockholders’ equity during the first year of operations: 1. 125,000 shares of common stock were ...
April 17, 2015 by Lauren

Intermediate Accounting
Information relating to the capital structure of Parke Corporation is as follows: ` December 31 2008 2009 Outstanding shares of: Common stock 90,000 90,000 Preferred stock, convertible into 30,000 shares of common 30,000 30,000 10% convertible bonds, convertible into 20,000 ...
December 11, 2010 by cyndi

fianance
can you check my answers if they are correct thank you 1.) A convertible bond is currently selling for $945. It is convertible into 15 shares of common which presently sell for $57 per share. What is the conversion premium? A. $90 B. $45 C. 57 shares D. 13 shares Answer c 2.) ...
January 5, 2013 by Raj

accounting
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during 2010, its first year of operations: January 2 Issue 100,000 shares of common stock for $25 per share. February 6 ...
October 29, 2011 by siyao

fin 370 # 2
(individual or component costs of capital) Your firm is considering a new investment proposal and would like to calculate its weighted average cost of capital. To help in this, compute the cost of capital for the firm for the following: a. A bond that has a $1,000 par value (...
September 17, 2013 by chris

fin 370 # 2
(individual or component costs of capital) Your firm is considering a new investment proposal and would like to calculate its weighted average cost of capital. To help in this, compute the cost of capital for the firm for the following: a. A bond that has a $1,000 par value (...
September 17, 2013 by chris

accounting
Pearson began 20XX with 30,000 $1 common shares issued and outstanding. Paid in capital in excess of par was $25,000 and retained earnings were $75,000. Net income for 20XXwas $22,000. Requirements: Review Pearson's transactions for 20XX in the Excel Template below, then: 1....
August 15, 2011 by Anonymous

Finance
Benson Incorporated has bonds with the following features: Par value of 1,000, maturity of 12 years, and a coupon rate of 8%.The yield to maturity is 10%. Pleases determine if the bond sells for for a premium, par, or discount and explain your answer. Calculate the value of ...
August 20, 2011 by Mybenz

Finance
United Technology Corporation (UTC) has $40 million of convertible bonds outstanding (40,000 bonds at $1,000 par value) with a coupon rate of 11 percent. Interest rates are currently 8 percent for bond of equal risk. The bonds have 15 years left to maturity. The bonds may be ...
November 13, 2012 by John

finance
AAA has only stock and bonds in its capital structure. Balance sheet information: Long term debt (par value--NOT number of bonds) = $20,000,000, Common equity and retained earings = $17,000,000, and Shares of stock outstanding = 1,000,000. Bond information: Bond price ($1,000 ...
June 1, 2012 by tina

Intermediate Accounting
During 2009 Bradley Corporation issued for $110 per share, 5,000 share of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Bradley’s $25 par value common stock at the option of the preferred stockholder. On December...
December 11, 2010 by cyndi

Accounting
Olympic Theatre Inc. owns and operates movie theaters throughout Texas and California.Olympic Theatre has? declared the following annual dividends over a six-year period: 2003, $21,000; 2004, $50,000; 2005, $15,000; 2006, $80,000; 2007, $90,000; and 2008, $140,000. During the ...
April 15, 2008 by Sarah

accounting
Jones Company is authorized to issue 20,000 shares of no-par, $5 stated-value common stock and 5,000 shares of 9%, 100 par preferred stock. It enters into the following transaction: 1. Accepts a subscription contract to 7,000 shares of common stock at $42 per share and ...
September 22, 2010 by Kathy

Finance
3. Given the following information for Janicek Power Co., find the WACC. Assume the company’s tax rate is 35%. Debt: 8,500 7.2% coupon bonds outstanding, $1000 par value, 25 years to maturity, selling for 118% of par; the bonds make semiannual payments Common Stock: 225,000 ...
December 2, 2014 by Jessica

ACC291
The following stockholders' equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31, 2011. Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Stated Value-Common Stock 690,...
February 27, 2012 by Beth

Finance
You are provided the following information on a company. The total market value is $40 million. The capital structure, shown here, is considered to be optimal. Accounting Value Market Value Bonds, $1000 par, 6% coupon, 6% YTM $10,000,000 $10,000,000 Preferred Stock, 7%, $100 ...
May 12, 2010 by Lakisah

FIN 370
1. (defining capital structure weights) templeton extended care facilities, inc. is considering the acquisition of a chain of cemeteries for $340 million. Since the primary asset of this business is real estate, templeton’s management has determined that they will be able to ...
September 22, 2013 by chris

financial accounting
(5) Chapter 13 Problem The Torre Company has the following balances in stockholders equity on December 31st. Common Stock - $5.00 par, 60,000 issued $300,000 Additional paid in capital - common 600,000 Preferred stock - $100 par, 5,000 issued 500,000 Additional paid in capital...
November 25, 2011 by Anonymous

Finance
The management of One-M Berhad is considering an expansion project for their current business. RM125,000 is needed for the expansion and two options has been proposed. Under Option I, the project will be financed by issuing new common stocks that can be sold for RM5 per share...
May 19, 2012 by Anonymous

Finance
The Carter Company's bond mature in 10 years have a par value of 1,000 and an annual coupon payment of $80. The market interest rate for the bond is 9%. What is the price of these bonds The coupon rate on the bond, (interest/principal at maturity) = 8% Since prevailing market ...
February 14, 2007 by Dee

Capital Investment and Financing Decisions.
1)Find the present value of Rs. 2,000 due in 6 years if money is worth compounded semi-annually. (b) Ascertain the present value of an amount of Rs. 8,000 deposited now in a commercial bank for a period of 6 years at 12% rate of interest. 2)You are required to determine the ...
April 10, 2011 by Majid

business
Wallace Inc., a developer of radiology equipment, has stock outstanding as follows: 30,000 shares of cumulative preferred 2% stock, $90 par and 125,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: ...
August 25, 2014 by Mary

Finance
The following balance sheet extract relates to the Allied Insurance Company Bonds Payable $1,000,000 Preferred Stock $2,000,000 Common Stock $3,000,000 Additional Information: 1. The bonds are 8%, annual coupon bonds, with 9 years to maturity and are currently selling for 90% ...
April 4, 2015 by friend

business
1. On the income statement, extraordinary items are reported A. immediately after the continuing operations section. B. before the operating income section. C. immediately before the discontinued operations section. D. net of income tax or net of income tax savings. 2. _______...
August 11, 2014 by sharon

acc/291
The following stockholders’ equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31, 2011. Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Stated Value—Common Stock 690,...
June 11, 2012 by at

Finance
Assume that Pelon Inc. has issued a 10 year maturity bond with a yield of 8%. Its coupon rate is 5% and the coupons are paid semi annually. Its par value is the value of this bond at the issue date?
October 7, 2013 by Kay

accounting
18. Balance sheet and income statement data indicate the following: Bonds payable, 6% (issued 2000, due 2020) $1,200,000 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the year) 1,000,000 Income before income tax for ...
October 2, 2012 by shannon

Investments
An analyst gathers the following information about Meyer, Inc.: • Meyer has 1,300 shares of 8% cumulative preferred stock outstanding, with a par value of $240, and liquidation value of $250. • Meyer has 22,400 shares of common stock outstanding, with a par value of $52. • ...
February 4, 2012 by ben

investing
How do I find stock on margin rate of return? This is the question: Ed Delahanty purchased 500 shares of Niagara Corporation stock on margin at the beginning of the year for $30 per share. The initial margin requirement was 55%. Ed paid 13% interest on the margin loan and ...
July 23, 2008 by Anonymous

finance
(Bond valuation) Eagle Ventures has a bond issue outstanding with an annual coupon rate of 7 percent and 4 years remaining until maturity. The par value of the bond is $1,000. (a) Determine the current value of the bond if present market conditions justify a 14 percent ...
March 8, 2013 by valerie

acct
Business is going well for Email Designers. The board of directors of this family-owned company believes that Email Designers could earn an additional $1,000,000 income before interest and taxes by expanding into new markets. However, the $4,000,000 the business needs for ...
January 29, 2011 by Micheal

accounts
A prospective investor has hired you to develop a worksheet that will compute the book value per share on each class of stock of various companies. Your worksheet should include a Data Section. One of the companies the investor is currently interested in is Hawk Enterprises, ...
August 26, 2012 by accounts

finance
Sterling optical and Royal Optical both make glass frames and each is able to generate earnings before interest and taxes of $120,000.Debt @12% $600,000 Debt @12% $200,000, Common stock, $5 par 400,000 Common stock, $5 par 800,000,Total 1,000,000 Total 1,000,000,Common shares ...
September 30, 2011 by Anonymous

FINANCE
Bond valuation Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8 percent; and the yield to maturity is 9 percent. What is the bond’s current market price?
September 18, 2007 by Mel

Finace
Bond valuation Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8 percent; and the yield to maturity is 9 percent. What is the bond’s current market price
March 17, 2012 by Sharon

Fiance
ABC stock sells for $22 bucks a share. The company wants to sell 20 year annual interest $1000 par value bonds. Each bond will have 75 warrants attached to it which is exercisable into one share of stock. The exercise price is $47.00. The stock sells for $42. The firm’s ...
June 16, 2012 by Sundari

umdnj
A company has preferred stock that can be sold for $21 per share. The preferred stock pays an annual dividend of 3.5% based on a par value of $100. Flotation costs associated with the sale of preferred stock equal $1.25 per share. The company's marginal tax rate is 35%. ...
July 22, 2012 by Anonymous

Accounting
When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $103 per share, and 70,...
December 9, 2011 by kate

Corporate Finance
Suppose a company will issue new 5 year debt with a face value of $1000 and a coupon rate of 8 percent, paid annually.If the issuing price is $1080 and the tax rate is 40 percent.what is the after-tax cost of debt?If the expected rate of return of the company’s common stock is...
June 28, 2015 by Jing

Accounting
When common stock has a par value of $2 and a market value of $15: 1.) the liability of the stockholders is $13 per share 2.) there will be additional paid-in capital of $13 per share 3.) common stock will be credited for $15 per share 4.) the paid-in capital will equal the $2...
April 1, 2014 by Jessica

Healthcare Finance
Assume venture healthcare sold bonds that have a ten year maturity a 12 percent coupon rate with annual payments, and a $1,000 par value. A. Suppose that two years after the bonds were issued, the required interest rate fell to 7 percent. What would be the bonds value?
June 6, 2010 by Lashunta Battle

Intermediate Accounting
Prepare all the necessary journal entries to record the following transactions: 1. Sale of a 20 year convertible bond (dated March 1, 2001) with a face value of $1,000,000, interest rate 5%. The bonds were sold 4 months later on June 30, 2001 at 98 plus accrued interest of $16...
December 11, 2010 by cyndi

Accounting
The following information is necessary to compute the net assets (stockholders' equity) and book value per share of common stock for Rothchild Corporation: 8% cumulative preferred stock, $100 par $ 200,000 Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares ...
December 9, 2011 by kate

FINANCE
10. Bond prices and interest rate An 8 percent coupon bond with 15 years to maturity is priced to offer a 9 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.5 percent. What is the change in price the bond will experience in dollars? (...
October 31, 2014 by Anonymous

College Accounting
A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10 %, $100 par, preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per ...
February 22, 2010 by anonymous

Finance
Filer Manufacturing has 11.6 million shares of common stock outstanding. The current share price is $50, and the book value per share is $4. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $90 million, has a 7 percent coupon, ...
November 26, 2010 by Muskingum

Finance
Filer Manufacturing has 11.6 million shares of common stock outstanding. The current share price is $50, and the book value per share is $4. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $90 million, has a 7 percent coupon, ...
November 26, 2010 by Muskingum

Finance
Bond value and time--Constant required returns Pecos Manufacturing has just issued a 15-year, 12% coupon interest rate, $1,000-par bond that pays interest annually. The required return is currently 14%, and the company is certain it will remain at 14% until the bond matures in...
November 7, 2011 by Mary

financial managemnt
3. CDL Inc. currently has a $10 million bond issue outstanding, which carries a coupon rate of 8.3% paid semi-annually, has 4 years remaining until maturity, and is priced to provide for a yield to maturity of 8.16%. The firm’s underwriter has indicated that flotation costs ...
November 18, 2011 by sheldon

Finance
Assume that you are the assistant to the CFO of XYZ Company. Your task is to estimate XYZ's WACC using the following data: 1.The firm's tax rate is 40%. 2.The current price of the 12% coupon, semiannual payment, non-callable bonds with 15 years to maturity is $1,153.72. New ...
July 16, 2013 by Ely

Finance
Assume that you are the assistant to the CFO of XYZ Company. Your task is to estimate XYZ's WACC using the following data: The firm's tax rate is 40%. The current price of the 12% coupon, semiannual payment, non-callable bonds with 15 years to maturity is $1,153.72. New bonds ...
July 17, 2013 by Ely

finance
You have finally saved 10,000 and are ready to make your first investment. You have the three following alternatives for investing that money: 1) Captial cities ABC Inc. bonds with a par value of $1000 that pays an 8.75 percent on its par value in interest, sells for $1.34 and...
June 7, 2012 by Chris

math
You have finally saved 10,000 and are ready to make your first investment. You have the three following alternatives for investing that money: 1) Captial cities ABC Inc. bonds with a par value of $1000 that pays an 8.75 percent on its par value in interest, sells for $1.34 and...
December 6, 2012 by Anonymous

Finance
calculate of EPS and retained earning: year ended2009 with a net profit before taxes of $218000. the company is subject to a 40% tax rate and must pay $32000 in preferred stock dividend before distributing any earning on the 85000 share of common stock currently outstanding. 1...
May 31, 2011 by sweety

Accounting
Pug Corporation has 10,000 shares of $10 par common stock outstanding and 20,000 shares of $100 par, 6% noncumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $150,000 dividend will be paid. What are the ...
May 15, 2013 by Tonya

bond valuation
Bond valuation The Garraty Company has two bond issues outstanding. Both bonds pay $100 annual interest plus $1,000 at maturity. Bondf L has a maturity of 15 years, and Bond S a maturity of 1 year. a. What will the value of each of these bonds when the going rate of interest ...
February 25, 2007 by Gayla D

bond valuation
Bond valuation The Garraty Company has two bond issues outstanding. Both bonds pay $100 annual interest plus $1,000 at maturity. Bondf L has a maturity of 15 years, and Bond S a maturity of 1 year. a. What will the value of each of these bonds when the going rate of interest ...
February 25, 2007 by Gayla D

Accounting
A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of $10, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and...
June 15, 2013 by Ant

Financial Management
Reading Foods is interested in calculating its weighted average cost of capital (WACC). The company’s CFO has collected the following information: • The target capital structure consists of 40 percent debt and 60 percent common stock. • The company has 20-year noncallable ...
March 28, 2010 by Michael

accounting
Assume Venture Healthcare sold bonds that have a ten-year maturity, a 12 percent coupon rate with annual payments, and a $1,000 par value. a. Suppose that two years after the bonds were issued, the required interest rate fell to 7 percent. What would be the bond's value? b. ...
October 11, 2010 by ted

Finance
Thompson Enterprises has $5,000,000 of bonds outstanding. Each bond has a maturity value of $1,000, an annual coupon of 12.0%, and 15 years left to maturity. The bonds can be called at any time with a premium of $50 per bond. If the bonds are called, the company must pay ...
October 20, 2011 by k

Finance
Johnson Motors’ bonds have 0 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon rate is 8 percent. The bonds have a yield to maturity of 9 percent. What is the current market price of these bonds?
August 30, 2011 by Ashley

Finance Challenge
The new RDS project is somewhat riskier than a typical project for DEI, primarily because the plant is being located overseas. Management has told you to use an adjustment factor of 3 percent to account for this increased riskiness. Calculate the appropriate discount rate to ...
November 23, 2013 by Serenity1

STOCKS & BONDS
Two years ago, Gamma Inc. sold a $250 million bond issue to finance the purchase of new jet airliners. These bonds were issued in $1,000 denominations with an original maturity of 14 years and a coupon rate of 12% with interest paid semiannually. Determine the value today of ...
November 15, 2012 by Yinka

Math (Accounting)
Reading Foods is interested in calculating its weighted average cost of capital (WACC). The company’s CFO has collected the following information: • The target capital structure consists of 40 percent debt and 60 percent common stock. • The company has 20-year noncallable ...
March 28, 2010 by Michael

Accounting PLEASE HELP!!!!!!!!!
Reading Foods is interested in calculating its weighted average cost of capital (WACC). The company’s CFO has collected the following information: • The target capital structure consists of 40 percent debt and 60 percent common stock. • The company has 20-year noncallable ...
March 28, 2010 by Michael

Finance
To finanance a purchase a company will sell 10 year bonds paying 6.6% per year at the market price of $1062. Preferred stock paying a $2.05 dividend can be sold for 25.93. Common stock is cirrently seeling for 54.29 per share and the firm paid a 2.92 dividend last year. ...
November 22, 2012 by Susie

Finance
National Health Corporation (NHC) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $8 per share. The company has been losing money and has not paid preferred dividends for the last five years. There are $350,000 shares of preferred ...
October 13, 2014 by Anne

financial
Stock. What is the value of a stock with a $3 dividend just paid and a 8% required return with 2% growth? Bond. What is the value of a $1,000 par value bond with annual payments of an 11% semiannual coupon with a maturity of 20 years and a 11% required return? Thank You!!!!!
May 6, 2015 by MichaelR

math1979
A stock that sold for $17per share at the beginning of the year was selling for$96  at the end of the year. If the stock paid a dividend of $3.57 per share, what is the simple interest rate on the investment in this stock? Consider the ...
February 8, 2015 by mako

finance
Kuai, I need help in this part: Debt: 227,000 7.4 percent coupon bonds outstanding, 25 years to maturity, selling for 109 percent of par; the bonds have a $1,000 par value each and make semiannual payments. Common stock: 8,500,000 shares outstanding, selling for $70.70 per ...
November 30, 2013 by Serenity1

Math... please help me
Please can you help me to solve and get the solution for these problems. how to get the solution please help me question: 1.Find the price of a 10% coupon bond with 10 years to maturity if interest rates: A) increase by 1% B) decrease by 1% C) increase by 1.5% D) decrease by ...
September 11, 2011 by jessie

value of common stock
• Emerson Electric common stock that is selling for $80 with a par value of $5. This stock recently paid a $2.10 dividend, and the firm’s earnings per share have increased from $2.40 to $4.48 in the past 5 years. An equivalent amount of growth in the dividend is expected. The ...
March 13, 2010 by ananoumous

MS.SUE PLS HELP ME
Please can you help me to solve and get the solution for these problems. how to get the solution please help me for my homework. question: 1.Find the price of a 10% coupon bond with 10 years to maturity if interest rates: A) increase by 1% B) decrease by 1% C) increase by 1.5...
September 12, 2011 by jessie

Finance
Suppose that five years ago Cisco Systems sold a 15-year bond issue that had a $1,000 par value and a 7 percent coupon rate. Interest is paid semiannually. a. If the going interest rate has risen to 10 percent, at what price would the bonds be selling today? b. Suppose that ...
September 27, 2012 by Christian

Finance
Cosmic Communication Inc. is planning two new issues of 25-year bonds. Bond par will be sold at its $1,000 par value, and it will have a 10% semiannual coupon. Bond OID will be an Original issue Discount bond, and it will also have a 25-year maturity and a $1,000 par value, ...
October 20, 2011 by Alice

math..please i need your help
Please can you help me to solve and get the solution for these problems. how to get the solution please help me for my homework. question: 1.Find the price of a 10% coupon bond with 10 years to maturity if interest rates: A) increase by 1% B) decrease by 1% C) increase by 1.5...
September 12, 2011 by jessie

Math
John invests $100,000 in a newly issued 3 year bond. The bond is issued at par on 1 Jan 2007.The coupon rate is 4%. Interest is paid on each 30 Jun and 31 Dec. On 1 Jan 2008, John finds that the stock market provides better return. Therefore, John sells the bond on 1 Jan 2008...
October 11, 2007 by Elain

accounting
Wallace Inc., a developer of radiology equipment, has stock outstanding as follows: 30,000 shares of cumulative preferred 2% stock, $90 par and 125,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: ...
September 15, 2014 by Anonymous

finance, please help
1. Calculate the present value of an investment given the following information: (a) Years—20, (b) Rate—10%, and (c) Future Value—$20,000. 2. Calculate the future value of an investment given the following information: (a) Years—10, (b) Rate—5%, and (c) Present Value—$10,000. ...
June 3, 2012 by farah

finance
Leggio Corporation issued 20-year, 7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds has dropped to 6%. What is the new price of the bonds, given that they now have 19 years to maturity
August 8, 2010 by jane

Finance
Wachowicz Corporation issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 14 years to maturity?
October 24, 2010 by Anonymous

math
Grossnickle Corporation issued 30-year, noncallable, 8.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 6.5%. What is the current price of the bonds, given that they now have 29 years to maturity?
September 22, 2012 by eric

math
find the present value of ordinary annuity payments of 890 each year for 16 years at 8% compounded annually What is the amount that must be paid (Present Value) for an annuity with a periodic payment of R dollars to be made at the end of each year for N years, at an interest ...
September 24, 2006 by john

accounting
Assume that the following transactions affected owners' equity for De Soto Inc. during 2011. Feb. 1- Sold 40,000 shares of common stock in the market. Apr. 1- Purchased 3,000 shares of common stock to be held as treasury stock. Paid cash dividends of $0.50 per share. May 1- ...
March 28, 2011 by ibrahim

Financial Management
Lansing Inc. has decided to expand. During the last year the company borrowed $5 million for a term of 30 years to finance a new factory, and sold 60,000 shares of stock at $51 per share to pay for new equipment. Lansing also made a payment of $500,000 on an old long-term loan...
August 30, 2010 by Tisha

FINANCE
BONDS CURRENTLY SELL FOR $1,025 THEY HAVE A 9 YEAR MATURITY AND AN ANNUAL COUPON RATE OF $80 AND A PAR VALUE OF !1,000 WHAT IS THEIR CURRENT YEILD
December 14, 2009 by MARY

FINANCE
Yield to call Six years ago, the Singleton Company issued 20-year bonds with a 14 percent annual coupon rate at their $1,000 par value. The bonds had a 9 percent call premium, with 5 years of call protection. Today, Singleton called the bonds. Compute the realized rate of ...
September 18, 2007 by Mel

Accounting Corporations
Birch issued 200 shares of $12 par common stock in exchange for a piece of equipment with a current market value of $3,000.Whichof the following is not part of the journal entry for tis transaction? A.Debiting Equipment for $3,000 B.Crediting Common Stock for $3,000 C....
March 10, 2014 by Bella

stocks
• Emerson Electric common stock that is selling for $80 with a par value of $5. This stock recently paid a $2.10 dividend, and the firm’s earnings per share have increased from $2.40 to $4.48 in the past 5 years. An equivalent amount of growth in the dividend is expected. ...
March 13, 2010 by ananoumous

Finance
brown enterprises' bonds currently sell for $1,025. They have a 9 year maturity, an annual coupon of $80, and a par value of $1,000. what is their yield to maturity?
October 22, 2009 by Anonymous

finance
Adams Enterprises’ noncallable bonds currently sell for $1,120. They have a 15- year maturity, an annual coupon of $85, and a par value of $1,000. What is their yield to maturity?
February 27, 2011 by david

Finance
Emerson Electric common stock is selling for $36.75. par value is $5. stock recently paid $1.32 in dividend and the firm's earnings per share increased from $1.49 to $3.06 in the past 5 years. The firm expects to grow at the same rate in the future. What is the value of stock...
October 27, 2011 by Needhelp

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