FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show work Nik, inc issues $120,000 of 8$6 bonds that pay intorest semi-annually and mature in 5 years. Compute the bond issue price assuming

please show work
image text in transcribed
Nik, inc issues $120,000 of 8$6 bonds that pay intorest semi-annually and mature in 5 years. Compute the bond issue price assuming that the prevalling market rate of interest is 6% per year compounded semi-annually. Use the time value of money tables on your scratch paper packet. Round answers to whole dollars. Do not use the $ sign or decimal in the answer. Commas are ok

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Advanced Financial Accounting

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

10th edition

78025621, 978-0078025624

More Books

Students also viewed these Accounting questions

Question

★★★★★
Barb Jones received a $5,000 loan last month with the intention of repaying the loan in 12 months. However, Jones now discovers she has cash to repay the loan after making just three payments. What...

Answered: 1 week ago

Question

★★★★★
(3) Will the warrants bring in additional capital when exercised? If EduSoft issues 100,000 bond-with-warrant packages, how much cash will EduSoft receive when the warrants are exercised? How many...

Answered: 1 week ago

Question

★★★★★
4. Between 2008 and 2009, total employment in Canada decreased by 277 000 workers, but the number of unemployed workers increased by 400 000. How are these numbers consistent with each other?

Answered: 1 week ago

Question

★★★★★
Stephen Hemmerling was a driver for the Happy Cab Co. Hemmerling paid certain fixed expenses and abided by a variety of rules relating to the use of the cab, the hours that could be worked, and the...

Answered: 1 week ago

Question

★★★★★
I meed some help with this. The first picture is the explanation and you put your answers on the second picture. Cool Sun produces awnings and screens. Cool Sun uses job order costing. Prepare...

Answered: 1 week ago

Question

★★★★★
XY is a pharmaceutical company with the head-quarter in the United States. However, its cash flow depends only on sales in Japan. It receives a cash flow of Yen 20 billion with certainty in t=1. The...

Answered: 1 week ago

Question

★★★★★
A person uses a red rope to pull a 60.0 kg box 20.0m up a 20 incline with 400N of force parallel to the incline. The coefficient of kinetic energy is 0.30 (b) How much work does the person do in...

Answered: 1 week ago

Question

★★★★★
Question 19 In a one-way ANOVA analysis of three treatments, with a total number of 12 observations and with an equal number of observations of each treatment, the mean-square error (MSE) is found to...

Answered: 1 week ago

Question

★★★★★
Find the derivative of y= cos cos (x + 2x)

Answered: 1 week ago

Question

★★★★★
Smith Co, has the following manufacturing costs: budgeted indirect-cost rate of $10 per direct labor-hour Direct materials Direct labor (14,000 hours @ $11/hour) Indirect labor Plant facility rent...

Answered: 1 week ago

Question

★★★★★
6. [-/1 Points] DETAILS MENDSTAT15 6.1.007. Suppose x has a uniform distribution on the interval from -1 to 1. Find the probability. P(-0.2 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
12. What form does trade adjustment assistance take in the United States? How does such assistance promote political support for free-trade agreements? Do you think workers who lose their jobs...

Answered: 1 week ago

Question

★★★★★
4. Suppose that the opportunity-cost ratio for sugar and almonds is 4S 1A in Hawaii but 1S 2A in California. Which state has the comparative advantage in producing almonds? LO40.2 a. Hawaii. b....

Answered: 1 week ago

Question

★★★★★
11. Identify and state the significance of each of the following trade-related entities: (a) the WTO; (b) the EU; (c) the eurozone; and (d) NAFTA. LO40.6

Answered: 1 week ago

Previous Question Next Question