Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 18, 2024

What is the present value of a security that will pay $33,000 in 20 years if securities of equal risk pay 4% annually? Round your

What is the present value of a security that will pay $33,000 in 20 years if securities of equal risk pay 4% annually? Round your answer to the nearest cent.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Applied Financial Macroeconomics And Investment Strategy

Authors: Robert T McGee

1st Edition

1137428394, 978-1137428394

More Books

Students also viewed these Finance questions

Question

★★★★★

What is a baseline?

Answered: 1 week ago

Question

★★★★★

The following information relates to Shea Inc.'s accounts receivable for the 2017 fiscal year: 1. An aging schedule of the accounts receivable as at December 31, 2017, is as follows: *The $2,740...

Answered: 1 week ago

Question

★★★★★

Rework effort, Erthe effort (in person-hours) that is dedicated to the correction of those errors uncovered during the review

Answered: 1 week ago

Question

★★★★★

Suppose Sony issues $100,000,000 of 5-year dollar bonds. Nomura will handle the bond issue for a fee of 1.875%. Sonys bonds will be priced at par if they carry a coupon of 8.5%. As the swap trader...

Answered: 1 week ago

Question

★★★★★

In Nand2Tetris HDL style how can you create a 8-to-3 Encoder (Eight inputs and 3-bit encoded output) with a indicator is all inputs are active otherwise they are zero?

Answered: 1 week ago

Question

★★★★★

Famous Albert prides himself on being the Cookie King of the West. Small, freshly baked cookies are the specialty of his shop. Famous Albert has asked for help to determine the number of cookies he...

Answered: 1 week ago

Question

★★★★★

Explain 41. If a transfer price of P 84 is determined using the transfer pricing formula and the lost contribution margin per unit on outside sales is P 28, then the variable cost per unit must be...

Answered: 1 week ago

Question

★★★★★

Bintang has arranged to purchase a house costing (Indonesian rupiaya) IDR2 million on a Murabaha basis from Indonesia Islamic Bank. All other indirect costs of acquiring the property are IDR50,000....

Answered: 1 week ago

Question

★★★★★

One scientist is measuring a physical quantity on a strange unit. For example, the time taken by the light to travel from a star to the earth was measured in units "BRT". If this unit has to make...

Answered: 1 week ago

Question

★★★★★

What is the variance and standard deviation of of 46.38, 46.18, 46.57, 46.72, 46.86, 46.58, 46.61, 46.64, 46.03, 45.93, 45.51, 45.53

Answered: 1 week ago

Question

★★★★★

Money Inc., a USA-based business has an acid test ratio of 3 times, and the value of the current assets including closing inventories (comprising of trade receivables of $2,000,000 and cash of...

Answered: 1 week ago

Question

★★★★★

=+3. What advantages and/or disadvantages are there for corporations that work closely with NGOs or nonprofit organizations? Can you think of any examples of successful partnerships?

Answered: 1 week ago

Question

★★★★★

=+4. What is the correct role of a media channel in a democratic society?

Answered: 1 week ago

Question

★★★★★

=+3. Is collateral damage or friendly fire an acceptable cost of war? Is it acceptable for innocent lives to be sacrificed in the name of national security?

Answered: 1 week ago

Previous Question Next Question