Question: Thank you Answer: Question 16 Comly Communications issues a $600,000, 10%, 20-year mortgage note on January 1. The terms provide for annual installment payments of


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Answer: Question 16 Comly Communications issues a $600,000, 10%, 20-year mortgage note on January 1. The terms provide for annual installment payments of $69,932, exclusive of real estate taxes and insurance. After the first installment payment, the principal balance is $565,034. b. $590,068 c. $530,068 d. $600,000 a. Question 18 If a corporation issued $2,000,000 in bonds which pay 10% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? $2,000,000 b. $200,000 $60,000 d. $140,000 a. C. Answer: Question 19 If a corporation issued $5,000,000 in bonds, which pay 10% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? $350,000 b. $5,000,000 c. $500,000 a. 150 Question 16 Comly Communications issues a $600,000, 10%, 20-year mortgage note on January 1. The terms provide for annual installment payments of $69,932, exclusive of real estate taxes and insurance. After the first installment payment, the principal balance is $565,034. b. $590,068. $530,068. $600,000. c. Question 18 If a corporation issued $2,000,000 in bonds which pay 10% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? $2,000,000 b. $200,000 $60,000 d. $140,000 a. c. Answer: Question 19 If a corporation issued $5,000,000 in bonds, which pay 10% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? a. $350,000 b. $5,000,000 C. $500,000 d. $150,000
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