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Nikolay
1 month ago
14

Grossnickle corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. today,

the market interest rate on these bonds is 5.5%. what is the current price of the bonds, given that they now have 19 years to maturity?
Business
1 answer:
Katen [2.9K]1 month ago
5 0
Bond assessment:
<span>Face value = Maturity value = FV = $1,000 </span>
<span>Annual coupon rate = 7.5% </span>
<span>Remaining years to maturity = N = 19 </span>
<span>Required return = I/YR = 5.5% </span>
<span>(Coupon rate)(Face value) = PMT = $75 </span>
<span>Present value = $1,232.15</span>
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Work Breakdown Structures typically include one or more intermediate levels. Which of the following statements correctly describ
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c. Typically, they illustrate the elements that must be developed to generate the final deliverables.

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Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead
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Answer:

(a) Predetermined overhead rate for the entire plant:

=\frac{Total\ manufacturing\ overhead}{Total\ direct\ labor\ hours}

=\frac{23,400,000}{780,000}

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= Total hours of direct labor × Predetermined overhead rate for the plant

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Applied manufacturing overhead for Job A:

= Total direct labor hours × Plantwide predetermined overhead rate

= 9 × 30

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(b) Department-specific predetermined overhead rates:

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The following cost and revenue information pertains to the new CD:
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e. None of the alternatives given

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