Models and More Has a Bond Issue Outstanding with a Face

question 4

Multiple Choice

Models and More has a bond issue outstanding with a face value of $215,000.These bonds have a coupon rate of 5.65 percent,pay interest semiannually,and have a current market price quote of 1.01.The tax rate is 34 percent.What is the amount of the annual interest tax shield?

• A)$5,125.50
• B)$4,130.15
• C)$4,176.13
• D)$4,171.45
• E)$5,297.89

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Definitions:

Functional Behavioral Assessment

A systematic process of gathering information about the purposes (functions) of specific behaviors in order to address challenging behaviors.

Functional Assessment

An evaluation to identify the purpose or function that a specific behavior serves for an individual.

Purposeful Behavior

Behavior that is directed towards achieving a specific goal or outcome.

Functional Assessment

A systematic process used to identify the underlying functions or purposes of a person's behavior in different environments.