90‚000 Share of dividends (.25 × $160‚000) (40‚000) Balance in investment account $550‚000 2)During 2008‚ PK Co. purchased 2‚000‚ $1‚000‚ 9% bonds. The carrying value of the bonds at December 31‚ 2010 was $1‚960‚000. The bonds mature on March 1‚ 2015‚ and pay interest on March 1 and September 1. PK sells 1‚000 bonds on September 1‚ 2012‚ for $988‚000‚ after the interest has been received. PK uses straight-line amortization. The gain on the sale is Discount amortization: $40
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Barry Minkow – Misrepresentation and Ponzi in 1987 Establishment of ZZZZ Best Company When he was a sophomore in high school‚ Barry Minkow founded a carpet cleaning company - ZZZZ Best Company in his parents’ garage. At that time‚ the carpet cleaning industry has few entry barriers and all Minkow needed was a small amount of start-up capital. However‚ he soon found out that his firm was actually tough to survive in the industry as the ease of entry means fierce competition. The young man encountered
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BOND PROBLEM SOLUTIONS 1. Six years ago‚ The Corzine Company sold a 20-year bond issue with a 14 percent annual coupon rate and a 9 percent call premium. Today‚ Corzine called the bonds. The bonds originally were sold at their face value of $1‚000. Compute the realized rate of return for investors who purchased the bonds when they were issued and who surrender them today in exchange for the call price. PV = 1000; N = 6; PMT = 140; FV = 1090; CPT I/Y I/Y = 15.02% 2. You just purchased
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Kevin Gerard Barry (Irish: Caoimhín de Barra ) (20 January 1902 – 1 November 1920) was the first Irish republican to be executed by the British since the leaders of the Easter Rising.[1] Barry was sentenced to death for his part in an IRA operation which resulted in the deaths of three British soldiers.[2] Barry’s death is considered a watershed moment in the Irish conflict. His execution outraged public opinion in Ireland and throughout the world‚ because of his youth. The timing of his death was
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Eric Renner 2/22/2011 COM 110‚ Sec. 62 Informative Speech Preparation Outline Steroids in Major League Baseball General Purpose: To inform my audience about the steroid usage in Major League Baseball‚ our national pastime. Specific Purpose: To inform my audience why players take steroids in Baseball and how it has affected the game today. Thesis: Steroids in Major League Baseball has affected the game in both positive and negative ways. It brought baseball back to life in the 90’s;
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Barry Allen is the fastest man alive. During the day he is a forensic scientist for the Central City Police Department‚ but when he isn’t working he is known as The Flash. He gained his super speed when the particle accelerator exploded and sent a wave of energy throughout Central City. The energy mixed with lightning which was struck Barry while he was holding onto a chain trying to close the roof to his lab. This lightning contained the speed force which is what gave him super speed. With his speed
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Though science is often considered a field for those who want concrete answers and find speculation something beneath them‚ John M. Barry reveals quite the opposite. Through this passage‚ Barry shows his reader through numerous rhetorical strategies that scientific research is actually a field for the daring and courageous willing to be left unsure of most answers and rely on faith that someday their work will yield something of importance on the subject. Barry’s initial juxtaposition of “certainty”
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Using present value to value bonds A bond‚ from the perspective of the person issuing the bond is a form of long term debt. In the hands of the person who has acquired the bond it is an asset. The agency issuing the bond agrees to pay a fixed sum of money to the holder of the bond for a period of years and then‚ at the end of that period‚ to pay back the face value of the bond. Bonds can be issued by a variety of agencies/companies: 1. Municipal bonds: issued by cities‚ states and
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In Barry Strauss’‚ “The Trojan War: A New History”‚ he discusses a topic that has been talked about for thousands of years‚ yet is able to bring new interpretations and arguments about it. While Strauss shows that many of the accepted ideas about the Trojan War can be disproved‚ he also fails to support his claims with adequate historical references and analyzes. To begin the book‚ Strauss introduces Helen of Troy. Helen was the wife of King Menelaus and had attracted the attention of the Prince
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CONTENTS Introduction of bonds……………………………………………..01 Characteristics of Bonds…………………………………………01 Types of Bonds…………………………………………………… 06 Bonds Market……………………………………………………… 08 Introduction of Pakistan bond market……………...................08 How Bonds Trade……………………………………………….….09 Bond Price Variations……………………………………………..09 Bond valuation…………………………………………..................09 Types of bonds trade in Pakistan……………………………….10 Government Debt Securities……………………………………..10 Characteristics of MTBs and PIBs………………………………12
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