This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A Canada government bond promises to pay a lump sum of $3,000 exactly5years from today. The nominal ... (Read 88 times)

ShannenConnor

  • Full Member
  • ***
  • Posts: 155
on: Aug 7, 2023
A Canada government bond promises to pay a lump sum of $3,000 exactly5years from today. The nominal interest rate is10%, semiannual compounding. Which of the following statements is correct?

◦

The periodic interest rate is greater than 5%.


◦

The periodic rate is less than 5%.


◦

The present value would besmallerif the lump sum were discounted back forfewerperiods.


◦

The present value of the $3,000 would be smaller if interest were compoundedquarterlyrather than semiannually.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ShannenConnor on Aug 7, 2023

Jim457

  • Full Member
  • ***
  • Posts: 187
Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


ShannenConnor

  • Member
  • Posts: 155
Reply 2 on: Aug 7, 2023
:D TYSM

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

The 15 terrestrial ecozones in Canada. The 15 terrestrial ecozones in Canada.
Happened to me today. Happened to me today.
Canada's energy stream Canada's energy stream
Canada is set to become the Saudi Arabia of the north Canada is set to become the Saudi Arabia of the north
People are living longer today than in previous decades People are living longer today than in previous decades
American Government: Roots and Reform, 2009 Edition American Government: Roots and Reform, 2009 Edition
Video: Glycolysis Animation

For a complete list of videos, visit our video library