Question 8 1.5 pts Calculate the present value of a government security that promises to pay...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 8 1.5 pts Calculate the present value of a government security that promises to pay $379 per annum forever, assuming an interest rate of 9% per annum. Please write the answer in two decimal places. Question 8 1.5 pts Calculate the present value of a government security that promises to pay $379 per annum forever, assuming an interest rate of 9% per annum. Please write the answer in two decimal places.
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
The following list of balances has been extracted from the records of company cowgale co as of 31 October 2017 the end of the most recent financial year. Notes 1. The balance on the corporation tax...
-
Find Vo in the circuit infigure. Vx + 12 1 12 V Vo Vx +, 21
-
The cash data of Duffy Automotive for May 2018 follow: Duffy Automotive received the following bank statement on May 31, 2018: Additional data for the bank reconciliation include the following: a....
-
Explain the concept of limited liability.
-
Assume that security returns are generated by the single-index model, Ri = i + iRM + ei Where Ri is the excess return for security i and R M is the markets excess return. The risk-free rate is 2%....
-
December 31, 2024 December 31, 2023 Percent $000s Percent $000s Operating revenue Net patient service revenue 95.7% $402,921 95.7% $369,512 Other revenue (Note 12) 3.2% 13,356 3.6% 13,850 Net assets...
-
How many cubic millimeters are present in 0.923 m3?
-
1) Build a Turing Machine that multiplies two integers. Explain the logic behind your design shortly. An example initial and final configuration is given below. Initial configuration:aaaaabbAAA.......
-
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct...
-
Hofstede's 5 value systems: how can you use each of them to help you market a product? Individualism vs collectivism Power distance low to high Risk taking vs uncertainty avoidance. Masculinity vs...
-
Quantity a) Start at a price of $3 per bushel and increase the price to $6 in $.50 increm Quantity demanded Price supplied (billions) (billions) $3.00 56.50 16.50 $3.50 49.25 19.25 $4.00 42.00 22.00...
-
Describe how customer satisfaction relates to the marketing concept. Using the description of the marketing concept, can as manufacturing firms be considers "customers" because they purchase raw...
-
Alex exchanges property (landscape artwork by famous artists showing scenes from Chateau Country, having a basis of $50,000; subject to debt of $40,000 on it; and with a fair market value of...
-
Solve the relation Exz:Solve therelation ne %3D
-
Determine the quick ratio for the commercial construction company. What insight does this give you into the companys financial operations?
-
Determine the current ratio for the commercial construction company . What insight does this give you into the companys financial operations?
-
Determine the current liabilities to net worth ratio for the commercial construction company. What insight does this give you into the companys financial operations?
Study smarter with the SolutionInn App