In order to address its huge expenses, the South Sea Company issues a 20year, callable bond with 8% nominal coupon rate with semiannual coupons at a price of 1,722.25. Isaac Newton sees this as a lucrative investment opportunity and purchases this bond. The bond can be called at the par value X on any coupon date starting at the end of year 15, up to and including the maturity date. At this price, considering all possible call dates, the lowest possible nominal yearly yield rate Isaac Newton can obtain is 6%, convertible semiannually Seeing the meteoric rise in the South Sea Company's prestige, Daniel Defoe, too, pur- chases a 20-year bond issued by the company, identical to the one purchased by Isaac Newton, except that it is not callable. Assuming a nominal yearly yield rate of 6%, convertible semiannually, calculate the cost of the bond purchased by Defoe.

Salvador county issued $25 million of 5% demand bonds for construction of a county maintenance building. the county has no take-out agreement related to the bonds. it estimates that 20% of the bonds would be demanded (called) by the buyers if interest rates increased at least 1%. at year-end rates on comparable debt were 7%. how should these demand bonds be reported in the government-wide financial statements at year-end? a) $25 million in the long-term liability section of the governmental activities column. b) $5 million in the current liability section of the governmental activities column and $20 million in the long-term liabilities section of the governmental activities column. c) $5 million in the governmental activities column and $20 million would be reported in the schedule of changes in long-term debt obligations. d) $25 million in the current liability section of the governmental activities column

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product