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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 61 times)

EY67

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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

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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


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