Mrs. Ramos bought a Merck pharmaceutical title on 1/1/2014 with the following information:
M = $10,000.00
Interest rate = 4% per annum
f. Maturity time = 10 years
For 1/1/2018, Mrs. Ramos wants to know the value of her title and knows that, in the market, financial instruments comparable to hers have an interest rate of 5%.

What will be the the amount  premium or discount for Ms. Ramos' title?

Answer rating: 100% (QA)

To determine the value of Mrs Ramos Merck pharmaceutical title on 112018 we can use the for... View the full answer