11. Long Term Liabilities

Which of the following best illustrates the difference between a secured and an unsecured bond?

On December 31, Wintergreen, Inc. issued $150,000 of 7% 10-year bonds at a price of 93.25. What amount of cash did Wintergreen, Inc. receive from the bond issuance?

Which Excel formula can you use to determine the present value of a bond based on its future cash flows, coupon payments, and yield to maturity?

A $1,000 bond trading at 102½ means that:

Which of the following represents a special feature that may be included with some bond issues?

When a bond is sold for more than its face (par) value, what is this situation called?

If the Apple Corporation sells a bond, it is:

Which of the following is NOT true regarding callable bonds?

A corporate bond is a corporation's written pledge to repay a specified amount of money along with:

What is the principal amount of a bond that is repaid at the end of the loan term called?

Which of the following statements is true of a bond that is issued at a discount?

Which one of the following statements concerning bond ratings is correct?

Which of the following best explains the current value of a bond?

Which of the following are the four variables required to calculate the value of a bond?

On January 1, Providence, Inc. issues $1,000,000 of 10% 5-year bonds at par value. What amount of cash does Providence, Inc. receive from this bond issuance?