Calculate the cash received by the issuing company:

Face value Issue price Cash received
a. $50,000 103 $
b. $80,000 100 $
c. $100,000 97 $

a. $51,500 = $50,000 x 1.03
b. $80,000 = $80,000 x 1.00
c. $97,000 = $100,000 x 0.97

Business

You might also like to view...

Monique is a manager at a firm based in Chicago. She has recently been selected to manage the firm's Singapore office along with three other managers from the Chicago office

The firm hopes that the American managers will effectively represent the views of the home office and will link the Singapore office to the Chicago office. Which type of staffing approach is most likely being used by Monique's employer? A) polycentric B) regiocentric C) ethnocentric D) geocentric

Business

Goods that are movable at the time a security interest attaches, or begins are classified as:

a. tangible property b. intangible property c. movable property d. insubstantial property e. notable property

Business