For a corporation that earned positive taxable income, which one of the following statements is correct?

A company has a pension liability of $360,000,000 that it must pay in 21 years. If it can earn an annual interest rate of 3.2 percent, how much must it deposit today to fund this liability?

Gupta Gourmet has a current market value of $26,400 and owes its creditors $31,300. What is the market value of the shareholders’ equity?

A corporate bond is quoted at a price of 98.96 and has a coupon rate of 4.8 percent, paid semiannually. What is the current yield?

What is the future value of $2,650 per year for 19 years at an interest rate of 6.75 percent?

The semiannual, 8-year bonds of Blum and Blum are selling at par and have an effective annual yield of 8.6285 percent. What is the amount of each interest payment if the face value of the bonds is $1,000?

A 1-year loan of $15,000 is quoted at 6.7 percent plus 3 points. This loan is to be repaid in one lump sum. What is the actual cost of this loan?

Circus Canine is currently operating at full capacity. The net profit margin and the dividend payout ratio are held constant. Net working capital and fixed assets vary directly with sales. The company currently has current liabilities of $3,950, long-term debt of $14,700, net working capital of $7,850, net fixed assets of $27,600, owners’ equity of $20,750, net income of $2,900, and dividends paid of $870. What is the external financing need if sales increase by 11 percent?

A ______ has all the respective rights and privileges of a legal person.

You just invested $49,000 that you received as an insurance settlement. How much more will this account be worth in 40 years if you earn an average return of 7.6 percent rather than 7.1 percent? (Assume annual compounding.)