Question: A promissory note has outstanding payments of 650 at the
A promissory note has outstanding payments of $650 at the end of each of the next five years. What market price would be paid for this note by an investor who requires a 12% yield on his investments, compounded Quarterly? Answer is $2311.47 -- please show details.
Answer to relevant QuestionsIn a job shop, effective capacity is only 81 percent of design capacity, and actual output is 88 percent of effective output. What design capacity would be needed to achieve an actual output of 18 jobs per week?Lark Corporation is a calendar year taxpayer. At the beginning of the current year, Lark has accumulated E & P of $330,000. The corporation incurs a deficit in current E & P of $460,000 that accrues ratably throughout the ...How does routine maintenance and repair affect a property’s performance?What is premise control? Identify and give examples of some environmental and industry factors. Consider the following three companies: - Gasco owns and operates a chain of gas stations in the northeast US.- Fuelco is a pre-revenue company that is attempting to develop new fuel-cell technology to replace the internal ...
Post your question