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1. On January 31, 2022, you purchased a newly issued 5.6% coupon bond issued by the Dana Corporation for $1,023.56. The bond is callable at 105% of par value in 5 years from the date of issuance and matures on January 31, 2048. You decide to sell the bond on April 30, 2023, when the bond's yield to maturity was 4.82 percent. How much will you receive from the sale of the bond (including accrued interest)?
JASPER COMPANY
Balance Sheets as of December 31, 2022, and 2021
Assets
2022 2021
Cash $405 $310
Accounts receivable 3,055 2,640
Inventory 3,850 3,275
Property, plant, and equipment (net) 10,670 10,960
Total $17,980 $17,185
Liabilities and Stockholder's Equity
2022 2021
Accounts payable $2,570 $2,720
Current portion of long-term debt payable 0 100
Long-term debt 8,100 7,875
Common stock 5,250 5,000
Retained earnings 2,060 1,490
Total $17,980 $17,185
JASPER COMPANY
2022 Income Statement
Sales $9,610
Cost of goods sold 6,310
Gross profit 3,300
Depreciation expense 1,370
Earnings before interest and taxes 1,930
Interest expense 630
Earnings before taxes 1,300
Income tax expense 455
Net income $845