1 gugenheim inc offers a 9 coupon bond with annual payments, Ask an Expert

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1. Gugenheim, Inc. offers a 9% coupon bond with annual payments. The yield to maturity is 6% and the maturity date is 9 years. What is the market price of a $1,000 face value bond?

2. Columbia Construction Company earned $497,000 during the year ended June 30, 2013. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $847,434, what were the retained earnings on its balance sheet on July 1, 2012?

Balance of retained earnings, July 1, 2012: $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800291

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