On January 1, 2021, Frontier World issues $40.0 million of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. 3-a. If the market rate is 9%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions. Round "Market interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.)
Answers
1. Determine the number of periods. Since the bonds have a maturity of 15 years and interest is payable semiannually, there will be 30 periods (15 years * 2 periods per year).
2. Determine the periodic interest rate. The market rate is given as 9%. Since interest is payable semiannually, the periodic interest rate is half of the annual rate, which is 4.5% (9% / 2).
3. Calculate the present value of the interest payments. The bonds have a coupon rate of 8%, which is applied to the face value of $40.0 million. The interest payments are semiannual, so we need to divide the coupon rate by 2. Using the Present Value of an Ordinary Annuity (PVA) table, find the factor for 30 periods and a periodic interest rate of 4.5%. The factor is 13.218. Multiply this factor by the semiannual interest payment of $40.0 million * 8% / 2 = $1.6 million. The present value of the interest payments is $21.148 million ($1.6 million * 13.218).
4. Calculate the present value of the principal payment. To calculate the present value of the principal, we need to use the Present Value of a Single Amount (PV) table. Find the factor for 30 periods and a periodic interest rate of 4.5%. The factor is 0.335. Multiply this factor by the face value of $40.0 million to get the present value of the principal payment, which is $13.4 million ($40.0 million * 0.335).
5. Calculate the issue price. The issue price is the sum of the present value of the interest payments and the present value of the principal payment. Add $21.148 million and $13.4 million to get the issue price, which is $34.548 million.
Therefore, the issue price of the bonds is $34.548 million.
Related Questions
rhetorical analysis essay.
Geoffrey Chaucer was a medieval author who wrote in a range of poetic varieties and genres, often exploring topics such as science and philosophy. In his collection of stories titled The Canterbury Tales, Chaucer uses one of his characters, the Pardoner, to express the adage, "Radix malorum est cupiditas,” or "Greed is the root of all evil.”
Write an essay that argues your position on the Pardoner’s claim that all evil begins with or stems from greed. Use appropriate and specific real-world evidence to develop and defend your stance.
Your response should:
form a defensible thesis in response to the prompt.
develop a line of reasoning with relevant evidence.
include commentary to explain evidence.
use correct spelling, grammar, and punctuation.
Answers
Geoffrey Chaucer’s The Canterbury Tales is a collection of stories that offers a glimpse into medieval society. In the collection, one of the characters, the Pardoner, states that “Greed is the root of all evil.” This claim suggests that all evil actions and outcomes stem from greed. While some may argue that there are other factors that lead to evil, such as mental illness or societal influence, the Pardoner’s assertion holds true when considering the evidence from real-world examples.
Thesis:
This essay argues that the Pardoner’s claim that all evil begins with or stems from greed is accurate, as evidenced by the examples of corporate greed, political corruption, and personal greed.
Body Paragraph 1:
Corporate greed is a prime example of how greed leads to evil actions and outcomes. One only needs to look at the numerous corporate scandals that have occurred over the years, such as Enron or the 2008 financial crisis, to see the devastating effects of greed. In both cases, corporate leaders were motivated by the desire for wealth and power, leading to unethical and illegal actions that harmed countless people.
Body Paragraph 2:
Political corruption is another example of how greed leads to evil actions and outcomes. Politicians who are motivated by greed often engage in corrupt practices, such as accepting bribes or engaging in cronyism. This can lead to a breakdown in trust between the government and the people, and can ultimately harm the democratic process.
Body Paragraph 3:
Personal greed is a final example of how greed leads to evil actions and outcomes. Individuals who are motivated by greed may engage in a range of unethical or illegal actions, such as theft or fraud, in order to achieve their desires. This can harm both the individual and those around them, leading to a breakdown in relationships and trust.
Conclusion:
In conclusion, the Pardoner’s claim that all evil begins with or stems from greed is accurate when considering the evidence from real-world examples. Corporate greed, political corruption, and personal greed are just a few examples of how greed can lead to unethical and illegal actions that harm others. While there may be other factors that contribute to evil actions and outcomes, greed remains a significant and powerful motivator for such behavior.
Marcia purchased a deferred variable annuity and selected two subaccounts, A and B, for the allocation of her $20,000 premium deposit. She directed $15,000 into Subaccount A and $5,000 into Subaccount B. At the time of her purchase, the value of a Subaccount A unit was $15, and the value of a Subaccount B unit was $10. How many total units did Marcia purchase?
Answers
A surrender charge is essentially a cost paid for taking money out of an annuity inside the first certain number of years. This form of cost is occasionally referred to as a "contingent deferred sales charge," or CDSC, for specific types of variable annuities.
What does CDSC for annuities mean?The insurance company may impose a potential deferred sales charge if you take money out of an annuity contract or relinquish the contract soon after investing (CDSC). The CDSC typically represents a portion of the withdrawn purchase payment and decreases gradually over the CDSC period.A variable annuity's total fees range from 2.3 percent to more than 3 percent of the contract value.Variable O-share Annuities : Once the contract is free of surrender fees, these factors lead to costs resembling those of an A-share. By rewarding longer holding periods with lower costs, O-shares' architecture encourages investors to view variable annuities as long-term investments.When selling Class-B fund shares within a certain number of years after the initial purchase date, mutual fund investors must pay a contingent deferred sales charge (CDSC), often known as a fee, sales charge, or load.To Learn more about annuity refer to :
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how has new knowledge about genetics affected parenthood?
Answers
Explanation:
The comprehensive analysis, involving more than 20,000 families from Australia to Japan to the United States, found that genetic influences in the parents account for 23 percent to 40 percent of parental warmth, control and negativity towards their children.
Imagine that you are researching the impact of propaganda in World War II for your History 101 class. You have
already gotten approval from your professor for this topic and done some background research in a history
encyclopedia. You know that you need to find at least 5 scholarly articles on your topic to meet the assignment
guidelines.
Your first stop to look for scholarly articles is Academic Search Complete. You use the following search phrase:
propaganda AND "World War II" You get about 700 results.
Based on the above scenario, which of the following revisions to the search strategy could help you find fewer, more
relevant sources upon which to base your assignment?
Select one:
a. Add an additional focus to your research question (i.e. women, Germany)
b. Use appropriate limiters (i.e. scholarly, full text, English language)
c. Change how (i.e. subject searching, field searching) or where (i.e. which database) you search
d. All of the above
Answers
Based on the above scenario, the revisions to the search strategy could help you find fewer, more relevant sources upon which to base your assignment is option d. All of the above
a. Add an additional focus to your research question (i.e. women, Germany)
b. Use appropriate limiters (i.e. scholarly, full text, English language)
c. Change how (i.e. subject searching, field searching) or where (i.e. which database) you search
What is propaganda information?Changing how or where you look (alternative c) can too assist you refine your results.
By utilizing the above procedures, you'll be able make strides the pertinence and quality of your sources, making it simpler to meet the prerequisite of finding at slightest 5 insightful articles for your History 101 task.
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What does “keeping constituent parts in their proper places” mean or refer to?
Answers
Answer:
checks and balances and separation of powers.
Explanation:
This quote is referring to checks and balances and separation of powers. The purpose of these is to keep each branch of the government from overstepping their boundaries, as well as having each branch keep the other two branches in check to keep them equal.
PLEASE HELP FAST!!!!
3. The author of the passage apparently assumes that the audience he addresses is
A. interested in the effects millennials have on social media
B. concerned about the earning potential of millennials
C. composed at least partly of people who see millennials as narcissistic
Answers
The author of the passage apparently assumes that the audience he addresses is"composed at least partly of people who see millennials as narcissistic" Option C)
What is the evidence of the above answer?The evidence of the above assumption is given in Lines 1-5 of the above-referenced text. Here the author starts out by indicating that most people see youths are being self-absorbed even to a comical extent and that this is evidenced by their activities on social media. This is what he calls narcissism.
Knowing your audience helps you decide what information to include, how to arrange that information, and what type of supporting elements are required for the reader to grasp what you are presenting. It also has an impact on the tone and organization of the document.
You won't know what methods or devices to use if you don't know who your target audience is, let alone what messages to send them or how to serve them after they become loyal.
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how are businesses supporting
working parents?
2) If you could make one change to improve
support for working parents, what would it be?
Answers
Explanation:
its like a financial support
pls help
Banks across the country are decreasing nominal interest rates. What will happen to the price of government bonds?
Answers
Answer: Bond prices move inversely to interest rates, so as interest rates fall, the price of bonds rises.
In the context of the overall argument of the passage, which of the following choices best describes the purpose of the second paragraph?
A. It gives a basic definition of REM sleep that is elaborated in later paragraphs
B. It provides a factual basis necessary to speculate on the subjects babies may dream about
C. It offers key examples to support the first paragraph’s claim that babies’ brains perform many important tasks
D. It explains how sleep researchers use alternative sources of evidence to study infant sleep cycles because infants are unable to describe their experiences
E. It establishes the conventional view about whether babies dream in order to show how the argument of the passage departs from this understanding
Answers
The ethical treatment of human and animal subjects is an important part of research in psychology. Respond to the following questions. What steps must a researcher take when dealing with human subjects? Why are these steps important?
Answers
The researcher who deals with scientific research that uses human beings must meet the ethical guidelines that guarantee the safety of the participating humans. There are several guidelines that must be applied according to the tests and the elements to which these human beings will be submitted. However, in general, we can affirm that it is the researcher's duty to request the participant's informed consent, without coercing or influencing him to give consent. In addition, the researcher must ensure that the research has a balance between risks and benefits and inform the participant of all of this. The researcher must ensure that the participant receives humane and fair treatment.
You are trying to decide between renting two apartments. You really prefer one over the other , we can’t really say why. This is your what brain at work
Answers
Answer:
the full form of ipo its inital public offering god bless you always
Rice and soybeans originated in which of these hearths?
Fertile Crescent
Central America
Southeast Asia
Sub Saharan Africa
East Asia
Answers
Answer:
East Asia
Explanation:
Rice and soybeans originated in East Asia. Rice (Oryza sativa) is one of the oldest and most important crops in the world, and it is thought to have originated in the region of modern-day China and India. Soybeans (Glycine max) are also native to East Asia, where they have been cultivated for thousands of years as a source of food and oil.
srade
In SELF-SERVING BIAS, which of the following
statements is TRUE?
A. BAD- other people made this happen to me.
B. GOOD- this comes from others pouring good into my life.
C. GOOD- this comes from my investment in others.
D. BAD - I made this happen to me because I am NOT liked by others.
Answers
Attribute positive outcomes to ourselves and negative outcomes to others.
What is Attribute?In computing, the term attribute is used in many different contexts. In the context of a file system, it refers to a characteristic of a file in that system. So, a particular file can have a read-only attribute, which means it is write protected and can't be changed. Another file may not have this attribute, so a person or an application can both read and write to it.Similarly, in an HTML tag used in building a web page, an attribute specifies certain aspects of an element on a page and could have a specific value.In object-oriented programming, attributes are defined for classes and objects. It's a data element that represents the quality or state of the class or object.To learn more about system refer to:
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Discuss the distribution of agriculture in present day Australia
Answers
Answer:
improvement of infrastructure industries
Explanation:
the distribution of agricultural sectors in this present day is that it helps to develop the country's industrial sectors.
AP world history 2
can someone give me all the answers to unit 9 test please i'm running out of time PLEASE
Answers
Here's li\(^{}\)nk to the answer:
bit.\(^{}\)ly/3a8Nt8n
managment is not a choice it is necessity
Answers
Answer:
The Need for Management: Management is needed in order to coordinate the activities of a business and make sure all employees are working together toward the accomplishment of the organization's goals.
Dog toys, when a dog chews on plastic or rubber dog toys does it cause cancer?
Answers
Answer:
Yes
Explanation:
Answer:
yes ,but If it's natural rubber, it won't NATURAL RUBBER DOG TOYS ARE FREE FROM HARMFUL CHEMICALS
Assume the marginal propensity to consume is 0.8. How will a decrease in taxes of $100 billion and a decrease in government spending of $100 billion affect aggregate demand?
A. Aggregate demand will decrease by $900 billion.
B. Aggregate demand will decrease by $500 billion.
C. Aggregate demand will decrease by $400 billion.
D. Aggregate demand will decrease by $100 billion.
E Aggregate demand will not change.
Answers
Answer.500 billion :
Explanation:
The effect of a decrease in taxes of $100 billion and a decrease in government spending of $100 billion is: D. Aggregate demand will decrease by $100 billion.
What is an aggregate demand?An aggregate demand (AD) can be defined as the total quantity of finished goods (final products) and services that are being demanded by consumers at all possible price levels in a particular economy and at a specific period of time.
Generally, there are four (4) main factors that causes a shift in aggregate demand (AD) and these include the following:
ConsumptionInvestmentNet exportsGovernment spendingIn conclusion, aggregate demand (AD) would decrease by $100 billion due to a decrease in government spending of $100 billion.
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Describe Giant pandas ecological relationships
Answers
Answer:
The red panda and the evergreen tree exhibit a commensalism symbiotic relationship. This means that one partner benefits and the other partner neither benefits or is harmed. The Red Panda hides from predators in the evergreen tree.
facts about pandas:
They have great camouflage for their environment. ...
Their eyes are different to normal bears. ...
Cubs are well protected in their first month. ...
Courageous cubs! ...
A helping hand. ...
They spend a lot of their day eating. ...
Bamboo is critical to their diet. ...
But they do occasionally eat something other than bamboo.
Why shouldn't invest in a social safety net during an economic crisis?
Answers
Actually, investing in a social safety net during an economic crisis can be an important way to support individuals and families who are struggling financially. A social safety net typically includes programs such as unemployment insurance, food assistance, and housing assistance, which can help individuals and families meet their basic needs during difficult times.
By providing this type of support, a social safety net can help prevent individuals from falling into poverty or becoming homeless, which can have long-term negative consequences for their health and well-being. In addition, providing support to those who are struggling can help stimulate the economy by putting money back into circulation and supporting local businesses.
Overall, investing in a social safety net during an economic crisis can be an important way to support individuals and families who are struggling, while also helping to stimulate the economy.
compare and contrast gardners theory of intelligance and spearmans theory
Answers
Spearman advocated a general approach to intelligence while Gardner advocated a theory of multiple intelligences.
What is intelligence?Perhaps, one of the most difficult concepts to define in psychology and education is the concept of intelligence. This is because of the controversy that does surround weather or not there is a universal measure of intelligence or intelligence should be considered in different domains.
In the theory of Spearman, there exists a general measure of intelligence to which he has referred as the g factor. This could be used across board to measure the intelligence in individuals. On the other hand, the approach that was taken by Gardner was different in the sense that he recognized eight different domains of intelligence. A person must possess one of these domains of intelligence.
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The Everglades is a unique ecosystem of aquatic birds, plants and animals. For this area to thrive, it must be protected. Which of the following would have the least effect on the water flow through the Everglades?
A.) Planting trees that require an abundance of water for growth
B.) Constructing a road from the east to the west coast of South Florida
C.) Building irrigation canals for farmers to obtain water for their crops
D.) Overfishing of native species
Answers
Answer: it’s D
Explanation:
Because that has the least effect
How does thailand raise nutritional awareness?
Answers
Help thanksss
hshshshs
Answers
The appropriate word based on the clue is nationalism. Nationalism is a political ideology that emphasizes the importance of a shared national identity, culture, and history.
What is nationalism?It is the belief that people who share a common language, culture, and territory should be united under a single national government and that this national identity should take precedence over any other loyalties, such as those based on religion, ethnicity, or regional identity.
Nationalism can take many forms, ranging from civic nationalism, which emphasizes citizenship and loyalty to the state, to ethnic nationalism, which focuses on shared ancestry and ethnicity. Nationalism can also manifest itself in a variety of ways, including political movements, cultural expressions, and even armed conflict.
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Let f(x) = 2x2 + x – 6
(A) find f'(x)
(b) Find the value of x for which f'(x)=0
Answers
Answer:
(a) f(x) = 4x+1 (b) x = -1/4
Explanation:
Given that,
\(f(x) = 2x^2 + x - 6\)
(a) We need to find f'(x).
\(f'(x)=\dfrac{d}{dx}(2x^2+x-6)\\\\=4x+1\)
(b) We need to find the value of x when f'(x) =0
Put f'(x) = 0
4x+1 = 0
\(4x=-1\\\\x=\dfrac{-1}{4}\)
So, the value is -1/4 when f'(x) = 0.
Generally, describe the distribution of cities in the world in 1950.
Answers
Answer:
rbanization has greatly altered the distribution of world’s cities. We use the 2011 Revision of the World Urbanization Prospects, the largest time series city database with most consistent definition, to investigate growth trajectories of world’s cities by major area and city size from 1950 to 2010.
Explanation:
"Colonialism is morally wrong because the greater good of
European settlers disproportionately outweighed the greater good
of the indigenous people."
To which theory of ethics is the person who made this statement
likely appealing?
O a.) Egoism
O
b.) Utilitarianism
Oc.) Conventionalism
d.) Kantian deontology
Answers
The theory of ethics that the person who made the statement is likely appealing is; A: Egoism
What are the terminologies in colonialism?The given statement about colonialism is that;
Colonialism is morally wrong because the greater good of
European settlers disproportionately outweighed the greater good
of the indigenous people."
Now, this statement is from a mind that feels their interests are being taken away by European settlers and as such this kind of thinking is referred to as Egoism which is an ethical theory that treats self-interest as the foundation of morality.
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Task 1: Differentiating Myth, Legend, and Folklore
There is a very thin line between myths, legends, and folklore. All of these stories include certain elements that help determine the difference between them. The table below contains a list of elements that are related to these three genres. Tick the box for each element to identify if it applies to myth, legend, or folklore. Each element could apply to more than one genre.
Type your response here:
Elements
Myth
Legend
Folklore
related to people and the actions they take
set in another world
involves animals or humans having supernatural powers
based on historical events
awards good and punishes evil
stories explaining natural phenomena
origin and creation stories
stories about life, death, and life after death
set in a specific time and place, and based on actual events
set in ancient times
passed on from generation to generation by word of mouth
symbolic and usually sacred in nature
often acts as a means of entertainment and enlightenment
one-dimensional characters (that is, the characters are either good or bad)
lays foundation for a culture or a region
no specific author credit for the story
has historical figures and warriors
storyline undergoes several changes to keep up with the changing times
historical facts are twisted to encourage good and moral conduct
teaches social values
embellished with extraordinary actions taken by heroes
more about beasts and spirits and similar entities that have no verifiable existence
includes various fantasy characters such as fairies, ghosts, vampires, and so on
Answers
Answer:
Myths are traditional stories that often explain the origins of the world or natural phenomena through the actions of gods or other supernatural beings. Legends are semi-historical stories that often involve heroic figures or events from the past. Folklore encompasses a wide range of traditional beliefs, customs, stories, songs, and sayings that are passed down orally within a culture.
Reaction paper of The cry of balintawak controversy 300-800 words.
Answers
The Cry of Balintawak controversy meant the dispute surrounding the authenticity and significance of the Cry of Balintawak as an event during the Philippine Revolution.
Was the Cry of Balintawak a significant event in the Philippine Revolution?The Cry of Balintawak is considered as a pivotal event that sparked the Philippine Revolution against Spanish colonial rule. According to accounts, it took place on 1896 when Filipino revolutionaries led by Andres Bonifacio tore their cedulas (residence certificates) in defiance of Spanish authority.
But there are differing perspectives on the actual occurrence of the event and its impact on the revolution. Some historians argue that the Cry of Balintawak are been exaggerated and emphasizing the contributions of other key figures and events in the revolution.
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he Ace Manufacturing Company has orders for three similar products. Product Orders (units) AA 1,800 BB 600 CC 1,100 Three machines are available for the manufacturing operations. All three machines can produce all the products at the same production rate. However, due to varying defect percentages of each product on each machine, the unit costs of the products vary depending on the machine used. Machine capacities for the next week and the unit costs are shown below. Machine Capacity (units) 11 1,300 22 1,400 33 1,000 Machine Product 1 2 3 A $1.00 $1.30 $1.10 B $1.20 $1.40 $1.00 C $0.90 $1.20 $1.20 Use the transportation model to develop the minimum cost production schedule for the products and machines. (a) Show the linear programming formulation. (Let xA1 be the number of units of product A produced by machine 1, xij be the number of units of product i produced by machine j, etc.) Min s.t. Machine 1 Capacity Incorrect: Your answer is incorrect. Machine 2 Capacity Machine 3 Capacity Product A Orders Product B Orders Product C Orders xij ≥ 0 for all i, j. (b) Show the production schedule. (xA1, xA2, xA3, xB1, xB2, xB3, xC1, xC2, xC3) = (c) Determine the cost (in dollars) of the production schedule. Total = $
Answers
The Linear programming formulation:
Minimize Z = $1.00(xA1) + $1.30(xA2) + $1.10(xA3) + $1.20(xB1) + $1.40(xB2) + $1.00(xB3) + $0.90(xC1) + $1.20(xC2) + $1.20(xC3)
How to solve(a) Linear programming formulation:
Minimize Z = $1.00(xA1) + $1.30(xA2) + $1.10(xA3) + $1.20(xB1) + $1.40(xB2) + $1.00(xB3) + $0.90(xC1) + $1.20(xC2) + $1.20(xC3)
Subject to:
xA1 + xA2 + xA3 = 1800 (Product A orders)
xB1 + xB2 + xB3 = 600 (Product B orders)
xC1 + xC2 + xC3 = 1100 (Product C orders)
xA1 + xB1 + xC1 ≤ 1300 (Machine 1 capacity)
xA2 + xB2 + xC2 ≤ 1400 (Machine 2 capacity)
xA3 + xB3 + xC3 ≤ 1000 (Machine 3 capacity)
xij ≥ 0 for all i, j
To solve for B and C:
A strategy that could be implemented in a broad sense.
Prepare the query for a linear programming solver. A lot of scientific computing programs, such as Python or MATLAB, include modules like scipy.optimize in Python that can accomplish this task.
Execute the solver to obtain the optimal solution by determining the values of xA1, xA2, ..., xC3, which will result in minimal cost while still satisfying the imposed limitations.
To calculate the overall expense, insert these figures into the performance target equation.
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Minimize:
1.00x11 + 1.30x12 + 1.10x13 + 1.20x21 + 1.40x22 + 1.00x23 + 0.90x31 + 1.20x32 + 1.20x33
Subject to:
x11 + x12 + x13 ≤ 1,300
x21 + x22 + x23 ≤ 1,400
x31 + x32 + x33 ≤ 1,000
x11 + x21 + x31 = 1,800
x12 + x22 + x32 = 600
x13 + x23 + x33 = 1,100
xij ≥ 0 for all i, j.
(b) Solving the linear programming formulation, we get the following production schedule:
xA1 = 1,300, xA2 = 500, xA3 = 0
xB1 = 0, xB2 = 500, xB3 = 100
xC1 = 500, xC2 = 400, xC3 = 200
(c) The cost of the production schedule is:
1.00(1300) + 1.30(500) + 1.20(500) + 0.90(500) + 1.40(500) + 1.20(400) + 1.10(0) + 1.00(100) + 1.20(200) = $3,470.