How much would be the loss in price if an investor purchased a 22-year bond with a $1,000 par value, a 7% coupon paid annually and a 9% yield to maturity at the beginning, only to see market interest rates increase to 16% one year later

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?