Question
1. What is the effective annual rate for an APR of 11.70 percent compounded quarterly? 2. You want a seat on the board of directors
1. What is the effective annual rate for an APR of 11.70 percent compounded quarterly?
2. You want a seat on the board of directors of Zeph, Inc. The company has 300,000 shares of stock outstanding and the stock sells for $55 per share. There are currently 3 seats up for election. If the company uses cumulative voting, how much will it cost you to guarantee that you will be elected to the board?
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
