Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 4.00

Prudential Bache

(Learning Objective 4: Working with a bond investment) Prudential Bache (PB) owns vast amounts of corporate bonds. Suppose PB buys $1,000,000 of CitiCorp bonds at a price of 101. The CitiCorp bonds pay cash interest at the annual rate of 7% and mature at the end of 5 years.

1. How much did PB pay to purchase the bond investment? How much will PB collect when the bond investment matures?

2. How much cash interest will PB receive each year from CitiCorp?

3. Will PB’s annual interest revenue on the bond investment be more or less than the amount of cash interest received each year? Give your reason.

4. Compute PB’s annual interest revenue on this bond investment. Use the straight-line method to amortize the investment.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 07:09 PM My Price 4.00

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