« previous next »

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 25 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jul 10, 2018
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

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 10, 2018
Answer to Question 1

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

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years
Catalysis of peptide bond hydrolysis by chymotrypsin (part 2) Catalysis of peptide bond hydrolysis by chymotrypsin (part 2)
Approximately 40 percent of farmers in the United States are 55 years old or older Approximately 40 percent of farmers in the United States are 55 years old or older
Literacy Development in the Early Years: Helping Children Read and Write Literacy Development in the Early Years: Helping Children Read and Write
Prevalence of good health in Canadians aged 65 years and older Prevalence of good health in Canadians aged 65 years and older
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
Video: Atrial natriuretic peptide (vasodilation) & Aldosterone

For a complete list of videos, visit our video library