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Author Question: Calculate the current value of Bond M if the time of maturity is six years. (See Table 6.2) What ... (Read 23 times)

tiara099

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on: Jul 10, 2018
Calculate the current value of Bond M if the time of maturity is six years. (See Table 6.2)
 
  What will be an ideal response?

Question 2

Of the following activities, which is MOST likely to be an interaction between the financial manager and the information systems manager?
 
  A) Developing a system to bill customers, pay suppliers, and track inventory
  B) Costing of products
  C) Setting credit policies
  D) Determining the appropriate pricing of products


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sarahccccc

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Reply #1 on: Jul 10, 2018
Answer to Question 1

The bond is at par, or 100, because the annual coupon interest rate is equal to the required rate of return.

Answer to Question 2

Answer: A
Explanation: A) Costing of products is done in conjunction with the manufacturing manager. Determining the appropriate price for products and setting credit policies is a result of collaboration with the marketing department. IT works on billing, paying, and tracking.


tiara099

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Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

adf223

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Reply 3 on: Yesterday
Wow, this really help

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