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Answer all of them please. Chapter 8-10 in class assignment-submitted in Canvas i PV$1 FV$1 PVA 6 4% 0.79031 1.26532 5.24214 FVA n 6.6330 72
Answer all of them please.
Chapter 8-10 in class assignment-submitted in Canvas i PV$1 FV$1 PVA 6 4% 0.79031 1.26532 5.24214 FVA n 6.6330 72 0.33% 0.78694 1.27074 63.91744 81.2226 1. You can afford to pay $450 in monthly payments to purchase a car today and will be making these payments for the next 6 years. What is the most your car can cost if your borrowing rate is 4%? $ _(round to nearest dollar) n For 2 - 3 use the following: The company issues 4% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 4.1%, % PV PVA 10 4.00% 0.67556 8.1109 10 4.10% 0.66910 8.0707 20 2.00% 0.67297 16.3514 20 2.05% 0.66641 16.2728 Round to nearest dollar 2. What is the issue price of the bond? $ 3. What is the interest expense for the first interest payment? $. For 4 - 5 use the following Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100.00) Common stock (par $0.05) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (4,000 common shares) Total stockholders' equity $100,000 30,000 7.175,000 7,305,000 2,500,000 188,000) $9.717.000 Assume that the company sold 3,000 shares of its treasury stock for $25 per share. 4. How much would additional paid in capital change? $ 5. How much would Stockholders' Equity change? $_ Step by Step Solution
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