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Alibaba Group, a Chinese multinational conglomerate holding company specializing in e-commerce, retail, internet, and technologyissues HK$25,000,000 of 12% bonds due in 9 years with interest
- Alibaba Group, a Chinese multinational conglomerate holding company specializing in e-commerce, retail, internet, and technologyissues HK$25,000,000 of 12% bonds due in 9 years with interest payable annually. The current market rate of interest for bonds of similar risk is 10%. What is the current market price of the Alibaba Group bonds?
- The Martinez Family have saved $120,000 to finance part of their sons college education. The funds will earn 12% annual interest rate, compounded monthly, for one year. During that first year of college, how much can their son withdraw from the available funds each month?
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The Exchange Traded Funds Manual
Authors: Gary L. Gastineau
2nd Edition
0470482338, 978-0470482339
