Question
1)What price would a fund manager be prepared to purchase a 60 day T Note ,if the current yield is 8.25% annum with $1000 face
1)What price would a fund manager be prepared to purchase a 60 day T Note ,if the current yield is 8.25% annum with $1000 face value?
2)what is the present value of an annuity of $500 paid annually over 5 years with the first payment to be received at the end of first year and with a yield currently of 8% annual?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
