A $3,000 face value corporate bond with a 6.5 percent coupon (paid semiannually) has 10 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 7.2 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate will be 8.6 percent. What will be the change in the bond's price in dollars and percentage terms?

E14.2

Define cardinality.

What information is included in Form 10-K?

Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?

Problem 20-96 from pic.

12-10

defines the concept of globalization

E12.18