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Author Question: A firm plans to retire outstanding bonds in the next planning period. Which of the following gets ... (Read 60 times)

jilianpiloj

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on: Jul 10, 2018
A firm plans to retire outstanding bonds in the next planning period. Which of the following gets affected?
 
  A) pro forma income statement and pro forma balance sheet
  B) previous year income statement and previous year balance sheet
  C) previous year income statement and statement of retained earnings
  D) pro forma income statement and proxy statement

Question 2

You currently have 2,500 invested at an annual rate of 8. How long will it take for this investment to grow to a value of 3,500?
 
  A) 4.37 years
  B) 5.00 years
  C) 5.60 years
  D) 8.03 years


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Qarqy

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

A

Answer to Question 2

Answer: A
Explanation: A) n = = = 4.37 years
MODE = END
INPUT ? 8 -2,500 0 3,500
KEY N I/Y PV PMT FV
CPT 4.37


jilianpiloj

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

elyse44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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