49. A corporation issues for cash $8,000,000 of 8%, 30-year bonds, interest payable semiannually. The amount received for the bonds will be a. present value of 60 semiannual interest payments of $320,000, plus present value of $8,000,000 to be repaid in 30 years b. present value of 30 annual interest payments of $640,000 c. present value of 30 annual interest payments of $640,000, plus present value of $8,000,000 to be repaid in 30 years d. present value of $8,000,000 to be repaid in 30 years, less present value of 60 semiannual interest payments of $320,000 ___ 57. A company with working capital of $400,000 and a current ratio of 2.5 pays a $75,000 short-term liability. The amount of working capital immediately after payment is a. $475,000 b. $325,000 c. $400,000 d. $75,000
____ 49. A corporation issues for cash $8,000,000 of 8%, 30-year bonds, interest payable semiannually. The amount received for the bonds will be
|
a. |
present value of 60 semiannual interest payments of $320,000, plus present value of $8,000,000 to be repaid in 30 years |
|
b. |
present value of 30 annual interest payments of $640,000 |
|
c. |
present value of 30 annual interest payments of $640,000, plus present value of $8,000,000 to be repaid in 30 years |
|
d. |
present value of $8,000,000 to be repaid in 30 years, less present value of 60 semiannual interest payments of $320,000 |
___ 57. A company with
|
a. |
$475,000 |
|
b. |
$325,000 |
|
c. |
$400,000 |
|
d. |
$75,000 |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
