Consider the case of demed inc.: demed inc. has 9% annual coupon bonds that are callable and have 18 years left until maturity. the bonds have a par value of $1,000, and their current market price is $1,130.35. however, demed inc. may call the bonds in eight years at a call price of $1,060. what are the ytm and the yield to call (ytc) on demed inc.’s bonds? value ytm ytc if interest rates are expected to remain constant, what is the best estimate of the remaining life left for demed inc.’s bonds? 18 years 13 years 5 years 8 years if demed inc. issued new bonds today, what coupon rate must the bonds have to be issued at par?

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)