Suppose that General Motors Acceptance Corporation just issued a bond with 10 years until maturity, a face value of $1000 and a coupon rate of 8% (annual payments). The yield to maturity on this bond when it was issued was 6%. a) What was the price of this bond when it was issued? b) Is this bond sold at a discount, at par, or at a premium (relative to the face value)? c) The yield to maturity increased to 9% immediately after it made its fourth coupon payment. What is the price of the bond immediately after it makes its fourth coupon payment (i. e., P4)? d) What is the annualized rate of return of your investment if you sell the bond immediately after it makes its fourth coupon payment (i. e., t=4)? e) If the inflation rate is 2% per year calculate the real annualized rate of return (i. e., the annualized rate of return that you got in part d but adjusted for inflation).

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."