On July 16, 2018, Jeet Kune Do borrowed USD 50 million by issuing USD 50 million of

Fantastic news! We've Found the answer you've been seeking!

Question:

On July 16, 2018, Jeet Kune Do borrowed USD 50 million by issuing USD 50 million of bonds payable in 30 years. Its bonds have a USD 1,000 par value, and they pay a coupon rate of 12% semiannually.

How much is the bond worth on that date?

Related Book For answer-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

See More Books

Posted Date: Mar 10, 2024 11:43 PM

See More Questions

Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
A company offered shares in their IPO at $2.00 each. Their first sale on the ASX was at $2.20. By the end of the first day of trading their shares were trading at $2.50 and today they are trading at...
GREENTREE COMPANY acquires a new manufacturing equipment on January 1, 20x6, on instalment basis. The deferred payment contract provides for a down payment of P300,000 and an 8-year note for...
If Y = $200 billion, c = 0.75, autonomous consumption = $10 billion, and T = $20 billion, induced consumption expenditure is Question 5 options: a) $135 billion. b) $200 billion. c) $180 billion. d)...
A charge is moving perpendicular to a magnetic field and experiences a force whose magnitude is 2.7 10-3 N. If this same charge were to move at the same speed and the angle between its velocity and...
Consider the bonds in question 7. Suppose interest rates decline, causing the yield to maturity for each bond to immediately decline to 9 percent. What is the new price of each bond?
Explain how the control variate technique is implemented.
Creative Productions manufactured and sold 800 products at $10,000 each during the past year. At the beginning of the year, production had been set at 1,000 products, and direct materials standards...
Prove that the series (1+3i)" zn n= 4" n ln (n) converges for all z such that || 2. Here In: (0, ) R is the natural logarithm.
Company purchased 500,000 of 8% bonds of Microchip Corporation on January 1, 2015, at a discount, paying 461,390. The bonds mature January 1, 2020 and yield 10%; interest is payable each July 1 and...
Pharoah Company will receive $395000 in 7 years. If the appropriate interest rate is 9%, the present value of the $395000 receipt is $722076. $217250. $612250. $216077.
Write a summary discussing a Manufactured Earnings, Reserve for Inventory Losses, Balance-sheet and Income-tax Checks upon the Published Earnings Statements and Amortization Charges of Oil and Mining...
Discuss the criteria of an organization would use for effective segmentation of marketing concept ?
you arrive in Tokyo with $500 how many yen can you buy if yen is 99.34
Jeffrey went to a bank and obtained a personal loan with an interest rate of 4.00% compounded monthly. If 1.00% was subtracted from the effective interest rate on the loan, calculate the new nominal...
Prospect Ltd., which uses FIFO method of inventory management, began in June with 75 units of inventory that cost $15 each. During June, it completed the following inventory transactions: Sale Price...
The domain of the variable in the expression x 3/x + 4 is________.
Air FranceKLM (AF), a French company, prepares its financial statements according to International Financial Reporting Standards. AFs annual report for the year ended March 31, 2011, which includes...
American Food Services, Inc. leased a packaging machine from Barton and Barton Corporation on January 1, 2013. Barton and Barton completed construction of the machine on January 1, 2013. The lease...
On December 31, 2012, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2013, Berclair...
To ensure that sufficient cash is available at any point in time to fund the withdrawal of cash by its clients, banks use: a. Current account b. Restricted investment account c. Unrestricted...
Profit equalisation reserve (PER) is used for: a. Smoothing the profit earned on the investments b. Minimising the variance in return on investments c. Preserving the capital of investment account...
After giving the Mudaribs share, a specific proportion of distributable profits is allocated to which reserve: a. Profit equalisation reserve (PER) b. Investment risk reserve (IRR) c. Both a and b d....

On July 16, 2018, Jeet Kune Do borrowed USD 50 million by issuing USD 50 million of

Question:

Expert Answer:

SOLUTION To calculate the bonds worth on July 16 2018 we need ... View the full answer

Intermediate accounting

Students also viewed these accounting questions