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A. Issued 3500 shares of $10 par common stock at $11, receiving cash. (6 points) B. Issued $ 70000 of 10 year 10% bonds at
A. Issued 3500 shares of $10 par common stock at $11, receiving cash. (6 points) B. Issued $ 70000 of 10 year 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. (6 points) Use the Present Value Tables in Appendix A of text book. Round all calculations to the nearest dollar. C. Declared a dividend of $0.25 per share on common stock. On date of declaration, 11200 shares of common stock were outstanding. (3 points) D. Paid cash dividend from (c) above. (2 points) E. Purchased 4200 shares of Jones Company for $10 per share, plus $2100 commission. Our company purchased less than 20% of the outstanding
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