Acorporation issues for cash $9,000,000 of 8%, 30-year bonds, interest payable semiannually. the amount received for the bonds will be

a. present value of 30 annual interest payments of $720,000
b. present value of 60 semiannual interest payments of $360,000, plus present value of $9,000,000 to be repaid in 30 years
c. present value of $9,000,000 to be repaid in 30 years, less present value of 60 semiannual interest payments of $360,000
d. present value of 30 annual interest payments of $360,000, plus present value of $9,000,000 to be repaid in 30 years

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct