Question
Which of the following would probably not be a related party A. the CEO B. a major stockholder C. a customer D. a subsidiary What
Which of the following would probably not be a related party
A. the CEO
B. a major stockholder
C. a customer
D. a subsidiary
What is the market price of a$100,000, tenyear, 6% bond issue sold to yield an effective rate of 4% if interest is paid semiannually? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.)
You have just won the MultiState Lottery. You have the option of receiving a check for $35,000,000 every year at the end of the next 22 years. The lottery commission also allows you the option of receiving a onetime payment of $387,143,417 when you turn in the winning ticket. What is the approximate interest rate that the lottery commission is using to determine the onetime payment? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest percent, X%.)
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