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lkdddd lkdddd
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6 years ago
Allen Baker purchased ten 500 convertible bonds at face value. Each bond was convertible into 20 shares of common stock. After several years, when the stock was selling at 40, Allen converted all ten bonds. What was Allen's gain upon conversion of the bonds?

Q. 2

A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is 283.33 . Susan Smith claims herself and two dependents. Her monthly salary is 2,800 . Compute Smith's taxable income per month.

Q. 3

Allison Yu purchased five 1,00 . convertible bonds at face value. Each bond was convertible into 25 shares of common stock. After several years, when the stock was selling at 46, Allison converted all five bonds. What was Allison's gain upon conversion of the bonds?

Q. 4

A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is 283.33 . Mike White claims himself and three dependents. His monthly salary is 2,900 . Compute White's taxable income per month.

Q. 5

If a company issued a callable bond at 6 interest, would it be likely to call the bond if the current rate of interest rose to 7?
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johnvlad01johnvlad01
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6 years ago
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lkdddd Author
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#2
6 years ago
All are correct
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#3
6 years ago
Happy to help
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