At 1 January, 2009, an option-free 8 percent annual coupon bond, with 10 years to maturity and a par value of $1,000, had a discount rate of 9 percent. On 1 January 2010, the discount rate had decreas
A. -$4.23 $29.35
B. -$4.23 $33.58
C. $4.23 $29.35
Using the following information about spot rates, what is the price of a three-year bond with annual coupon payments of 5 percent? One-year rate: 4.78% Two-year rate: 5.56% Three-year rate: 5.98%
A. $97.47
B. $96.33
C. $98.87
LEau Ltd. Reported sales of $56,000,000 for the year ended December 31, 2009. Accounts receivable balances were $8,560,000 at January 1, 2009, $9,600,000 at December 31, 2009. The companys cash collec
A. $42,500,000
B. $48,750,000
C. $54,960,000
You need to estimate the market value of an income producing property located in your town. Through research you have found that the property should have net operating income of $900,000, taxes of $13
A. $8,281,756.
B. $6,428,571.
C. $5,464,387.