Bond coupon rate-current yield
Blackstone, Inc. has a five-year bond outstanding that pays $60annually. The face value of each bond is $1,000, and the bond sells for $890.
a. What is the bond's coupon rate?b. What is the current yield?c. What is the yield to maturity?
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At December 31, 2010, the estimated future costs to complete the project total $3,300,000. Prepare Turner's 2010 journal entries using the percentage-of-completion method.
a. A $1,000 bond has a 7.5 percent coupon and matures after 10 years. If current interest rates are 10 percent, what should be the price of the bond?
Blackstone, Inc. has a five-year bond outstanding that pays $60annually. The face value of each bond is $1,000, and the bond sells for $890. What is the bond's coupon rate?
Kindschuh Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.05 direct labor-hours. The direct labor rate is $9.90 per direct labor-hour. The production budget calls for producing 3,800 units
Sun Inc assigns $2,000,000 of its accounts receivables as collateral for a $1 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables?
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Cardinals Corporation had a 1/1/14 balance in the Allowance for Doubtful Accounts of $20,000. During 2014, it wrote off $14,000 of accounts and collected $4,100 on accounts previously written off.
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