AB Builders, Incorporated, has 21-year bonds outstanding with a par value of $2,000 and a quoted price of 105.502. The bonds pay interest semiannually and have a yield to maturity of 6.71 percent. What is the coupon rate?

For the past year, Momsen Limited had sales of $44,237, interest expense of $2,996, cost of goods sold of $14,734, selling and administrative expense of $10,721, and depreciation of $4,820. If the tax rate was 21 percent, what was the company’s net income?

Lincoln Park Company has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 25 years. What is the market price if the bond has a par value of $2,000?

Theresa adds $1,500 to her savings account on the first day of each year. Marcus adds $1,500 to his savings account on the last day of each year. They both earn 6.5 percent annual interest. What is the difference in their savings account balances at the end of 35 years?

Your car dealer is willing to lease you a new car for $190 a month for 36 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 6.5 percent, what is the current value of the lease?

A note is generally defined as:

A municipal bond has a coupon rate of 5.14 percent and a YTM of 5.43 percent. If an investor has a marginal tax rate of 39 percent, what is the equivalent pretax yield on a taxable bond?

At the beginning of the year, Shinedown, Corporation, had a long-term debt balance of $45,630. During the year, the company repaid a long-term loan in the amount of $11,055. The company paid $3,940 in interest during the year, and opened a new long-term loan for $9,840. How much is the ending long-term debt account on the company’s balance sheet?

The difference between the price that a dealer is willing to pay and the price at which he or she is willing to sell is called the:

Your firm has net income of $324 on total sales of $1,200. Costs are $670 and depreciation is $120. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?