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If answers to 6,7, and 8 can be provided thank you. will like and comment feedback The 2010 balance sheet of The Beach Shoppe showed
If answers to 6,7, and 8 can be provided thank you. will like and comment feedback
The 2010 balance sheet of The Beach Shoppe showed long-term debt of S2.1 million, and the 2 6. balance sheet showed long-term debt of $2.3 million. The 2011 income statement showed an in expense of $250,000. What was the cash flow to creditors for 2011? A. -$200,000 B. -$150,000 C. $50,000 D. $200,000 E. $450,000 terest 7. Collingwood Homes has a bond issue outstanding that pays an 8.5 percent coupon and matures in 16.5 years. The bonds have a par value of $1,000 and a market price of $944.30. Interest is paid semiannually. What is the yield to maturity? A. 8.36 percent B: 8.42 percent C. 8.61 percent D. 8.74 percent E. 9.16 percent 8. A corporate bond is quoted at a price of 103.16 and carries a 5.20 percent coupon. The bond pays interest semiannually. What is the current yield on one of these bonds? A. 4.24 percent B. 5.04 percent C. 5.36 percent D. 5.62 percent E. 5.66 percentStep by Step Solution
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