What is the current market price of the bonds

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Reference no: EM131973338

1. Fresh Water, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds have a 11.77 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 8.12 percent. What is the current market price of the bonds?

2. Baldwin Corp. ended the year carrying $32,394,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Baldwin Corp.?

$66,997,920

$50,756,000

$32,394,000

$18,239,000

Reference no: EM131973338

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