QUESTION 10 Consider a bond which pays 8% semiannually and has 8 years to maturity. The market requires an interest rate of 8% on bonds of this risk. What is this bond's price? (Assume the Face Value of the bond is $1000) $530.58 $891.62 $893.30 $3129.17 None of these QUESTION 6 Nabors, Inc. 2011 Income Statement (S in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net income S9.610 6,310 1.370 1,930 630 $1,300 455 S 845 Nabors, Inc. 2010 and 2011 Balance Sheets ($ in millions) 2010 2011 $ 2,720 2,570 Cash Accounts rec. Inventory Total Net fixed assets 2010 2011 $ 310 $ 405 2,6-40 3,055 3,275 3.850 $ 6,225 $ 7,310 10,960 10,670 Accounts payable Notes payable Total Long-term debt Common stock Retained earnings Total liab.& equity $ 2,820 7,875 5.000 1.490 S17,185 $ 2,570 8,100 5,250 2.060 $17.980 Total assets $17.185 17.980 What is the amount of the net capital spending for 2011? 5290 $795 $1,080 $1,660 $2,165 QUESTION 7 2011 S 785 460 130 210 Knickerdoodles, Inc. 2010 Sales S 740 COGS Interest Dividends 16 Depreciation 250 Cash Accounts receivables Current liabilities 390 Inventory 662 Long-term debt 340 Net fixed assets 1,680 Common stock 700 Tax rate 35% 563 405 6-40 410 1,413 235 35% What is the cash flow of the firm for 2011? $50 $247 $297 $447 $517