Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 07, 2024

Phil purchased a negotiable certificate of deposit a year ago in the secondary market for $9,80,000. The NCD matures today and he sells and receives

Phil purchased a negotiable certificate of deposit a year ago in the secondary market for $9,80,000. The NCD matures today and he sells and receives $1 million, plus he received $45000 in interest. What is Phils return on NCD?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

=+c) How large (or small) would the sample range have to be to fall outside the 3s limit? Section 21.5

Answered: 1 week ago

Question

★★★★★

Jefferson Company acquired equipment on January 2, Year 1, at a cost of $10 million. The equipment has a five-year life, no residual value, and is depreciated on a straight-line basis. On January 2,...

Answered: 1 week ago

Question

★★★★★

please dont use chat gpt 6 0 4 . Question in Chemical Engineering

Answered: 1 week ago

Question

★★★★★

For this problem, how do we get the values used for fixed asset turnover ratio? I understand that it is total revenue/net fixed asset. For total revenue we are given $3,269,404 but I am not sure what...

Answered: 1 week ago

Question

★★★★★

Consider a part made from aluminum: Sut = 480 MPa, Sy = 480 MPa, Sy = 410 MPa, S5*108 = 120 MPa, (all factors included). The material is subjected to a 10 s cycle where loads are applied as shown...

Answered: 1 week ago

Question

★★★★★

What command line tools are available for checking all the routers between one Internet node to another on Linux and Windows

Answered: 1 week ago

Question

★★★★★

You have written basic anonymous or DO blocks in both the Oracle and PostgreSQL databases. a comparative that examines the different approaches to these blocks. Your manager wants to know which...

Answered: 1 week ago

Question

★★★★★

Using these pressure and temperature points, plot the graph of refrigeration cycle using the pressure and enthalpy diagram for refrigerant 134a. P1 (evaporator inlet) 49 psi P2 (evaporator outlet) 47...

Answered: 1 week ago

Question

★★★★★

Find the reaction force at A. (A, B, and C are pins) CoursHeroTranscribedText A F 2 m 1 m 500 Nm 130 B

Answered: 1 week ago

Previous Question Next Question