« 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 57 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?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

World Population Growth, Past 10,000 years World Population Growth, Past 10,000 years
American soldiers—some of them regulars in deep blue uniforms, others in buckskin cowboy outfits— fi American soldiers—some of them regulars in deep blue uniforms, others in buckskin cowboy outfits— fi
Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ... Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ...
The inguinal area. Take great care when applying deep pressure in this region The inguinal area. Take great care when applying deep pressure in this region
Deep muscles of the posterior neck; splenius capitis and cervicis attachments. Deep muscles of the posterior neck; splenius capitis and cervicis attachments.
The path of the conveyor is complex and affected by deep ocean topography The path of the conveyor is complex and affected by deep ocean topography
Video: Wound Cultures

For a complete list of videos, visit our video library