You are analyzing a project and have developed the following estimates. The depreciation is $72,000 a year and the tax rate is35 percent. What is the operating cash flow?
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Unit Sales
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2,900
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Price per Unit
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$220
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Variable Costs per Unit
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$160
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Fixed Costs
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$28,500
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A 9 percent bond has a yield to maturity of 6.75 percent, 10 years to maturity, a face value of $1,000, and semiannual interest payments. What is the amount of each coupon payment?
Gordon Industries has 6 percent coupon bonds outstanding with face value of $1,000 and a market price of $959.21. The bonds pay interest annually and have a yield to maturity of 6.5 percent. How many years will it be until these bonds mature?