Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the long brothers company issues a 10 year, $1,000

The Long Brothers Company issues a 10 year, $1,000 face value bond with an annual...

70.2K

Verified Solution

Question

Finance

The Long Brothers Company issues a 10 year, $1,000 face value bond with an annual 8.2% coupon rate, a return to investors of 10.72%, and a present value of $850. What is the annual dollar amount Long Brothers Company pays in interest to its bond investors?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Combined, there are 207 ?Asians, Africans,? Europeans, and Americans in a village. The number of Asians...

Advance Math
Q

Tempered glass is made by heating glass to a temperature to 620 ºC, then cooling it...

Chemistry
Q

What is the most common direction the nucleus pulposus will move if an intervertebral disc herniates

Medical Sciences
Q

COLD WAR DISCUSSION What was the reason for the breakdown in friendly relations between the United...

Economics
Q

16 Describe the competitive exclusion principle and its effects on competing species

Biology
Q

E maximum 4a A disk of radius 2 5 cm has a surface charge density...

Physics
Q

find Cartesion equation for r 6c050 Graph

Geometry
Q

n limno 2 1 k 1 n 4 O A 2 2x dx O B...

Calculus
Q

A car depreciates at a rate of 6 Lisa purchased a car for 23 000...

Algebra
Q

Chapter 14 PROBLEM 14-31 MULTIPLE CHOICE 1. A sales invoice included the terms 1/10, n/eom,...

Accounting
Q

Well-Flow Company had estimated $1,053,000 of manufacturing overhead? (MOH) for the year and 58,500 direct...

Accounting
Q

Please help with these accounting question. Will be sure to leave a review. Thank you...

Accounting