Briefly answer each of the following questions about bond issue costs: 1. What type of cost is included in bond issue costs? 2. As a percentage of a bond issue, how significant are bond issue costs? 3. What is the impact of bond issue costs on a bond issue and the amount of interest expense a company records over the life of the bond?
1. Bond issue costs often include the fees of underwriters, whom corporations hire to take care of the details of marketing a bond issue.
2. Bond issue costs can amount to as much as 5% of a bond issue.
3. Bond issue costs decrease the amount of money a company receives from a bond issue. Therefore, they have the effect of raising the discount or lowering the premium on the issue and will increase the amount of interest expense a company would otherwise record on the bonds.
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An argument for a(n) _____ exchange rate system is that a country regains control of its money supply.
Fill in the blank(s) with the appropriate word(s).
Which of the following characteristics did project manager Angela demonstrate when she scheduled several meetings during the planning of a project, notified each team member, and sent reminders prior to meeting times?
A. Organizational skills B. Analytical skills C. Interpersonal skills D. Problem-solving skills