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Could someone help solve #24? 9:52 PM 23) The amount of cash that must be paid to retire a bond before its matuity date krefered
Could someone help solve #24?
9:52 PM 23) The amount of cash that must be paid to retire a bond before its matuity date krefered to s a. The early retirement cost b. The cell price c. The Conversion Price d. The Call Price 24) Shug Jordan Co recently sold their $100,000 face value bonds for $90,000. The stated the bonds was 9% and the market rate was 11%. The bonds have a life of 10 years and interest is aid annualy. What is the total amount of Interest expense that Shug lordan Co will incur throughout the life of the bond? a. 110,000 b. 99,000 C. 100,000 d. 120,000 25) Shug Jordan Co had the following account balances: $75,000 Cash Accounts Receivable Current Liabilities Notes Payable Retained Earnings Contributed Capital 60,000 134,000 200,000 100,000 600,000 Calculate Shug Jordan Co's Debt to Equity Ratio a. 0.191 b.0.675 c. 0.286 d. 0.477 Step by Step Solution
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