Expected return required by convertible bondholders = 9% Hint: Use Goal seek to set the difference between the convertible bondholders' current return and the target return to zero by changing the input cell for the conversion ratio. Current difference between bondholders' current expected return and target return (multiplied by 1000) = Conversion ratio (given original convertible coupon rate) that produces the required yield (Note: after using Goal Seek, cut and paste the conversion ratio into the yellow cell):

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.