Business, 27.05.2020 20:00 angoliabirtio
Branch Company, a building materials supplier, has $17,400,000 of notes payable due April 12, 2022. At December 31, 2021, Branch signed an agreement with First Bank to borrow up to $17,400,000 to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 70% of the value of the collateral that Branch provided. At the date of issue of the December 31, 2021, financial statements, the value of Branch's collateral was $19,900,000. On its December 31, 2021, balance sheet, Branch should classify the notes as follows:
Answers: 2
Business, 22.06.2019 12:20
Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?
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Branch Company, a building materials supplier, has $17,400,000 of notes payable due April 12, 2022....
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