On January 2, 2020, Crane Company wishes to issue $6400000 (par value) of its 6%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 11%. Using the interest factors below, compute the amount that Crane will realize from the sale (issuance) of the bonds. Present value of 1 at 6% for 10 periods 0.5584 Present value of 1 at 11% for 10 periods 0.3522 Present value of an ordinary annuity at 6% for 10 periods 7.3601 Present value of an ordinary annuity at 11% for 10 periods 5.8892

$45,155,328

Explanation:

the bonds will yield $3,840,000 per year during 10 years

and at the end of year 10 (maturity date) the face value is $64,000,000

the present value of the annuity = coupon payment x present value of an ordinary annuity at 11% for 10 periods = $3,840,000 x 5.8892 = $22.614,528

the present value of face value at maturity date = face value x present value of 1 at 11% for 10 periods = $64,000,000 x 0.3522 = $22,540,800

present value of the bonds = $22.614,528 + $22,540,800 = $45,155,328

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.