Question
1. Your revenues went from $320,000 last year to $480,000 this year. What was the percentage increase? 2. A friend of yours just invested in
1. Your revenues went from $320,000 last year to $480,000 this year. What was the percentage increase?
2. A friend of yours just invested in a bond with a 10% annual coupon rate, semi-annual payments, that matures in 10 years. The Bond has a par value of $1,000 and the market interest rate is currently 12%. How much did your friend pay for the bond?
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Essentials Of Real Estate Finance
Authors: David Sirota, Doris Barrell
14th Edition
1475428391, 9781475428391
