Computing Bond Issue Price and Preparing an Amortization Table in Excel On December 31, 2015, Kaplan, Inc., issues $300,000 of 9% bonds that pay interest semiannually and mature in 10 years (December 31, 2025).
a. Using the Excel PV worksheet function, compute the issue price assuming that the bonds' market rate is 8% per year compounded semiannually. (Refer to Appendix A for illustration.)

Round answer to two decimal places.

Issue price $Answer

b. Prepare an amortization table in Excel to demonstrate the amortization of the book (carrying) value to the $300,000 maturity value at the end of the 20th semiannual period. (Refer to Appendix A for illustration.)

The amortization schedule can be completed using the following Excel template: Amortization Schedule

Using the figures from the amortization schedule created in Excel, complete the amortization schedule below for 2016

Enter answers using two decimal places.

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Aminor has the legal right to repudiate

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?