Business, 15.11.2019 21:31 pchisholm100
Shanken corp. issued a bond with a maturity of 30 years and a semiannual coupon rate of 6 percent 4 years ago. the bond currently sells for 95 percent of its face value. the book value of the debt issue is $45 million. in addition, the company has a second debt issue on the market, a zero coupon bond with 15 years left to maturity; the book value of this issue is $50 million and the bonds sell for 54 percent of par. the company’s tax rate is 40 percent.
what is the company’s total book value of debt? (do not round intermediate calculations. enter your answer in dollars, not millions of dollars (e. g., 1,234,
Answers: 2
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After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?
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The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. the production order quantity for this problem is approximately:
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Shanken corp. issued a bond with a maturity of 30 years and a semiannual coupon rate of 6 percent 4...
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