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rjay purchases a bond, newly issued by Amalgamated Corporation, for $1,000. The bond pays $60 to its holder at e end of the first and second years and pays $1,060 upon its maturity at the end of the third year. 25 a. What are the principal amount, the term, the coupon rate, and the coupon payment for Arjay's bond? nstructions: Enter your responses as whole numbers Principal amount: $ Term: years Coupon rate:[ Coupon payment: $ b. After receiving the second coupon payment (at the end of the second year), Arjay decides to sell his bond in the bond market. What price can he expect for his bond if the one-year interest rate at that time is 3 percent? 8 percent? 10 percent? Instructions: Enter your responses as whole numbers. Expected price for the bond at: percent: $ percent: $ Given below are data on real GDP and potential GDP for the United States for the years 2006-2020, in billions of 2012 dollars. For each year, calculate the output gap as a percentage of potential GDP and state whether the gap is 0.83 recessionary gap or an expansionary gap. Also calculate the year-to-year growth rates of real GDP. nstructions: Enter your responses as a percentage rounded to one decimal place. If you are entering any negative lumbers be sure to include a negative sign (-) in front of those numbers. Growth rate of Year Real GDP Potential GDP Output gap Type of gap 2006 $15, 338 $15, 218 (expansionary 2007 $15, 626 $15, 526 2008 $15, 605 $15, 815 cessionary 2089 $15, 209 $16, 049 cessionary References 2016 $15, 599 $16, 252 2011 $15, 841 $16,483 2012 $16, 197 $16, 746 2013 $16, 495 $17, 032 2014 $16, 912 $17,336 2015 $17, 432 $17, 650 2016 $17, 73 $17, 955 2017 $18, 144 $18,250 2018 $18 , 68 8 $18, 575 2019 $19, 092 $18, 931 Cexpansionary 2020 $18, 426 $19,284 recessionary QS 22-6 (Algo) Allocating costs to departments LO P2 0.86 Macee Store has three operating departments, and it conducts advertising that benefits all departments. points Advertising costs are $104,000. Sales for its operating departments follow. Department Sales 266 , 800 How much advertising cost is allocated to each operating department if the allocation is based on departmental sales? (Do not round your intermediate calculations.) Department Sales Percent of Total Cost Allocated Total 3.86 er pays $120,000 rent each year for its two-story building. Space in this building is occupied by five departments as shown here. Department square feet occupied Cosmetics 2 , 760 ( first -floor ) Department Square feet occupied Housewares shoes 1 , 886 ( second - floor ) The company allocates $90,000 of total rent expense to the first floor and $30,000 to the second floor. It then allocates rent expense for each floor to the departments on that floor based on square feet occupied. Determine the rent expense to be allocated to each department each floor. Allocate these portions of total rent expense across the departments occupying First Floor Square Feet Percent of Total Cost Allocated Jewelry Department Cosmetics Departm Second Floor Square Feet Percent of Total Cost Allocated Housewares Department Tools Department Shoes Departmen Totals