The bonds of the Lange Corporation are perpetuities with a 12 percent coupon. Bonds of this type currently yield 10 percent, and their par value is $1,000. Make sure to show your work. What is the price of the Lange bonds?

b Suppose interest rate levels rise to the point where such bonds now yield 14 percent.
What would be the price of the Lange bonds?

C. At what price would the Lange bonds sell if the yield on these bonds was 12 percent?

d. How would your answers to parts (a), (b), and (c) change if the bonds were not
perpetuities but had a maturity of 20 years?

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.