Question
1. An investment project provides cash flows of $100,190 per year for 10 years. If the initial cost is $800,000, what is the payback period?
1. An investment project provides cash flows of $100,190 per year for 10 years. If the initial cost is $800,000, what is the payback period?
2. Champions and Winners Limited issued 20-year bonds a year ago at a coupon rate of 11.4 percent. The bonds make semi-annual payments. The yield-to-maturity on these bonds is 9.2 percent. What is the current bond price?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
