SkiingWarm Inc. plans to issue $260 million of bonds with a coupon rate of 8.5%, quarterly coupons, a par value of $10,000, and 15 years to maturity. The current market interest rate on these bonds is 7% and is expected to remain stable for the next two years. The bonds are callable in two years at $10,500. In two years, the interest rate on the bonds will either be 9.25% with a probability of 55% or 6.55% with a probability of 45%. Assume investors are risk neutral. What is the price of the bond today?

You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?