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Study Guide for finance. Professor provided correct answers in bold. Need help on how to solve problems on a TI-84 Plus, not the answers. Dont
Study Guide for finance. Professor provided correct answers in bold. Need help on how to solve problems on a TI-84 Plus, not the answers. Dont understand imputs when i try to execute myself
11. A bond issued by a corporation on December 1, 1983 is scheduled to mature on December 1, 2006. If today is December 1, 1994, what is this bond's time to maturity? A. 12 years B. 45 years C. 23 years D. 19 years 12. A 16-year annuity due pays $800 per year and interest rates are 12%, what's the present value of the annuity due? A. SI2,800.00 B. $6,497.62 C. 56,248.69 D. $6,672.90 13. What is the future value of a $600 annuity payment over 8 years if the interest rates are 7.5%? Payments are made at the end of the periods. A. $4,800.00 B. $5,450.57 C. $4,875.19 D. S6,267.82 14. A 9 percent coupon bond with 13 years left to maturity is offered for sale at $1,350. What yield to maturity is the bond offering? (Assume interest payments are paid semi-annually.) A. 5.25% B. 4.37% C. 5.09% D. 2.62% 15. What's the present value, when interest rates are 15% percent of a $165 payment made every year forever? A. SI750.00 B. $1,100.00 C. $1,250.00 D. $1,675.00 16. What is the present value of a $1,300 deposit in year 1 and another $3,500 deposit at the end of year 5 if interest rates are 6 percent? A. $3,662.66 B. $3,150.00 C. 83.841.82 D. $3,940.98Step by Step Solution
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