Latanya corporation is planning to issue bonds with a face value of $100,000 and a coupon rate of 8 percent. the bonds mature in seven years. interest is paid annually on december 31. all of the bonds will be sold on january 1 of this year. (fv of $1, pv of $1, fva of $1, and pva of $1) (use the appropriate factor(s) from the tables provided. round your final answers to whole dollars.) compute the issue (sale) price on january 1 of this year for each of the following independent cases:

a. case a: market interest rate (annual): 8 percent.

b. case b: market interest rate (annual): 6 percent.

c. case c: market interest rate (annual): 9 percent.

Chester has a credit score of 595 according to the following table his credit rating is considered to be which of these

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?