{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-21T22:01:35-04:00", "answer_date": "2024-05-21 22:01:35", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1475767", "url": "\/study-help\/questions\/toyota-motor-credit-corporation-tmcc-a-subsidiary-of-toyota-motor-1475767", "question_creation_date_js": "2024-05-21T22:01:35-04:00", "question_creation_date": "May 21, 2024 10:01 PM", "meta_title": "[Solved] Toyota Motor Credit Corporation (TMCC), a | SolutionInn", "meta_description": "Answer of - Toyota Motor Credit Corporation (TMCC), a subsidiary of Toyota Motor, offered some securities for sale to the public o | SolutionInn", "meta_keywords": "toyota,motor,credit,corporation,tmcc,subsidiary,offered,securities,sale,public,march,28", "question_title_h1": " Toyota Motor Credit Corporation (TMCC), a subsidiary of Toyota Motor, offered some securities for sale to the public on March 28, 2008. Under the", "question_title": " Toyota Motor Credit Corporation (TMCC), a subsidiary of Toyota Motor, offered", "question_title_for_js_snippet": "Toyota Motor Credit Corporation (TMCC), a subsidiary of Toyota Motor, offered some securities for sale to the public on March 28, 2008 Under the terms of the deal, TMCC promised to repay the owner of one of these securities $100,000 on March 28, 2038, but investors would receive nothing until then Investors paid TMCC $24,099 for each of these securities so they gave up $24,099 on March 28, 2008, for the promise of a $100,000 payment 30 years later a Based on the $24,099 price, what rate was TMCC paying to borrow money (Do not round intermediate calculations and round your final answer to 2 decimal places (e g , 32 16)) Rate of return b Suppose that, on March 28, 2019, this security's price is $42,380 If an investor had purchased it for $24,099 at the offering and sold it on this day, what annual rate of return would she have earned (Do not round intermediate calculations and round your final answer to 2 decimal places (e g , 32 16)) Annual rate of return c If an investor had purchased the security at market on March 28, 2019, and held it until it matured, what annual rate of return would she have earned (Do not round intermediate calculations and round your final answer to 2 decimal places (e g , 32 16)) Annual rate of return ", "question_description": "\"image", "transcribed_text": "Toyota Motor Credit Corporation (TMCC), a subsidiary of Toyota Motor, offered some securities for sale to the public on March 28, 2008. Under the terms of the deal, TMCC promised to repay the owner of one of these securities $100,000 on March 28, 2038, but investors would receive nothing until then. Investors paid TMCC $24,099 for each of these securities; so they gave up $24,099 on March 28, 2008, for the promise of a $100,000 payment 30 years later. a. Based on the $24,099 price, what rate was TMCC paying to borrow money? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Rate of return % b. Suppose that, on March 28, 2019, this security's price is $42,380. If an investor had purchased it for $24,099 at the offering and sold it on this day, what annual rate of return would she have earned? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Annual rate of return % c. If an investor had purchased the security at market on March 28, 2019, and held it until it matured, what annual rate of return would she have earned? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Annual rate of return %", "related_book": { "title": "Managerial Accounting", "isbn": "9789813155497, 73379581, 9813155493, 978-0073379586", "edition": "2010 Edition", "authors": "John J. Wild, Ken W. Shaw", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/115.jpg", "uri": "\/textbooks\/managerial-accounting-2010-edition-115", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CCXLDVLX", "uri": "\/textbooks\/gold-dust-day-gecko-gecko-pet-care-complete-gecko-pet-owners-guide-to-care-for-and-raise-a-gecko-as-pet-even-as-a-beginners-1st-edition-979-8853822184-239440", "name": "Gold Dust Day Gecko Gecko Pet Care Complete Gecko Pet Owners Guide To Care For And Raise A Gecko As Pet Even As A Beginners", "edition": "1st Edition" }, "question_posted": "2024-05-21 22:01:35", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/managing-human-resources\/roleplay-a-human-resources-manager-trying-to-convince-the-company", "description": "Role-play a human resources manager trying to convince the company CEO and two of his executives (role-played by three students) that introducing some of the rewards discussed in the case opening is...", "stars": 3 }, { "url": "\/in-question-24-you-were-asked-to-select-a-feed", "description": "In Question 24, you were asked to select a feed per tooth and a cutting speed for a milling process. 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