SOSC 1000 Lecture Notes - Lecture 11: Financial Statement, Income Statement, Cash Flow
11 Oct 2017
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Calculators that store data are not permitted: show all calculations. A correct answer without supporting calculations will not be given full marks: all questions must be answered in the exam answer books distributed at the exam. Work handed in on the question sheet will not be graded: all responses must be double-spaced, responses must be written legibly in pen. On september 1, 2017, sun ltd. issued a ,000,000 bond with a 9 percent coupon rate and a maturity date of august 31, 2023. The effective interest rate for a bond of this type on september 1, 2017 was 7 percent. At its annual meeting in march 2017, the shareholders of jasper inc. (jasper) approved a plan allowing the company"s board of directors to grant stock options to certain employees as part of their compensation packages. During the year ended december 31, 2017, the board granted 200,000 options to its senior executives.
