Author Question: A deep-discount bond can be purchased for 312 and in 20 years it will be worth 1,000. What is the ... (Read 26 times)

EY67

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A deep-discount bond can be purchased for 312 and in 20 years it will be worth 1,000. What is the rate of interest on the bond?
 
  What will be an ideal response?

Question 2

The true owner(s) of the corporation is (are) the ________.
 
  A) board of directors
  B) chief executive officer
  C) stockholders
  D) creditors



kalskdjl1212

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Answer to Question 1

Using financial calculator: PV= -312, PMT=0, N=20, FV=1000, CPT I = 6 percent

Answer to Question 2

C



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