Compute the total sales to be reported on the sales budget
Grafton sells a product for $750. Unit sales for May were 900 and a 4% growth in unit sales is forecasted for each month. Compute the total sales to be reported on the sales budget for month ended June 30.
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Bonds issued by Blue Sky Airlines have a face value of $1,000 and currently sell for $850. The annual coupon payments are $80. If the bonds have 10 years until maturity, what is the approximate YTM of the bonds?
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