Determine a premium or discount bond
A bond has a par value of $1,000, coupon interest rate of 4%, maturity of 15 years and yield to maturity of 5%. Please determine its price and explain if it is a premium or discount bond and why?
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Mehta Company traded a used welding machine (cost $26,082, accumulated depreciation $8,694) for office equipment with an estimated fair value of $14,490. Mehta also paid $8,694 cash in the transaction.
Costs added during period: Direct materials $119,637 Direct labor $79,758 Factory overhead $26,586 Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing
The team still has 45 games to play. How many of the remaning games must the team win in order to win 60% of all games played during the season?
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