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A company has 525 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $61 per share. It also has 21,000 shares of common stock outstanding, and the total value of its stockholders' equity is $716,625. The company's book value per common share equals:

$33.29.

$31.80.

$32.88.

$34.13.

$32.60.

A company must repay the bank a single payment of $18,000 cash in 3 years for a loan it entered into. The loan is at 10% interest compounded annually. The present value factor for 3 years at 10% is 0.7513. The present value of the loan (rounded) is:

$18,000.

$23,400.

$12,600.

$16,200.

$13,523.

A company borrowed cash from the bank by signing a 7-year, 8% installment note. The present value of an annuity factor at 8% for 7 years is 5.2064. Each annual payment equals $42,255.69. The present value of the note is:

$42,255.69.

$220,000.00.

$262,255.69.

$117,810.00.

$61,131.69.

A company borrowed $59,000 cash from the bank and signed a 7-year note at 7% annual interest. The present value of an annuity factor for 7 years at 7% is 5.3893. The annual annuity payments equal:

$11,462.62.

$59,000.00.

$12,197.62.

$56,550.00.

$10,947.62.

A company purchased equipment and signed a 6-year installment loan at 10% annual interest. The annual payments equal $8,200. The present value of an annuity factor for 6 years at 10% is 4.3550. The present value of the loan is:

$35,711.

$40,068.

$8,200.

$4,355.

$49,200.

A company has an investment in 7% bonds with a par value of $150,000 that pay interest on October 1 and April 1. The amount of interest accrued on December 31 (the company's year-end) would be:

$2,625.

$1,750.

$5,250.

$875.

$10,500.

A company purchased $72,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 (the company's year-end) would be:

$720.

$2,160.

$3,600.

$1,440.

$1,800.

A company paid $40,800 plus a broker's fee of $600 to acquire 10% bonds with a $43,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:

$41,400.

$47,300.

$43,000.

$43,600.

$40,800.