7 years ago Cullumber Corporation issued 20-year bonds that had a $1,000 face value, paid interest annually, and had a coupon rate of 6 percent. If the market rate of interest is 5.5 percent today, what is the current market price of an Cullumber Corporation bond? (Round intermediate calculations to 5 decimal places, e. g. 1.25145 and final answer to 2 decimal places, e. g. 52.75.) Current market price $ 1143.84
Are these bonds selling at a premium or discount?
These bonds are selling at a premium

Which law would encourage more people to become homeowners but not encourage risky loans that could end in foreclosure? options: offering first time homebuyers tax-free accounts to save for down payments requiring all mortgages to be more affordable, interest-only loans outlawing home inspections and appraisals by mortgage companies limiting rent increases to less than 2% a year

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals

Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?