An investor purchases a 1,000 bond redeemable at par that pays 8% semiannual coupons and matures in 10 years. The bond will yield 7% convertible semiannually to maturity. If the bond is called in five years, the minimum redemption value the investor needs to realize the same yield is X. Determine X.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units