You own a $50,000 corporate bond with a bond interest rate of 6% payable monthly that is
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Question:
You own a $50,000 corporate bond with a bond interest rate of 6% payable monthly that is due 10 years from now. If you want to sell it today and realize a rate of return of 12% per year com- pounded monthly, the amount you must receive is closest to:
1. The present worth of machine X is closest to:
a. $−65,270
b. $−87,840
c. $−103,910
d. $−114,310
2. In comparing the machines on a present worth basis, the present worth of machine Y is closest to:
a. $−65,270
b. $−97,840
c. $−103,910
d. $−114,310
3. The capitalized cost of machine X is closest to:
a. $−103,910
b. $−114,310
c. $−1,039,080
d. $−238,580
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