"On January 1, Melrose Manufacturing issues a 5-year bond with a face value of $10,000 and a stated interest rate of 9%. The market interest rate is 7%. The issue price of the bond was $10,886. Using the effective-interest method of amortization, the interest expense for the first year ended December 31 would be:"

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

In addition to using the icons to adjust page margins, a user can also use

Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a.change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c.stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.