Item11 Item 11Item 11 Select cost information for Seacrest Enterprises is as follows: 1,000 units of output 5,000 units of output Total Cost/Unit Total Cost/Unit Direct materials $ 5,000 $ 5.00 $ 25,000 $ 5.00 Utilities expense $ 1,000 $ 1.00 $ 3,750 $ 0.75 Rent expense $ 4,000 $ 4.00 $ 4,000 $ 0.80 Based on this information:

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note: