Question
You have the following obligations: 150 thousand at 3 months, but signed six months ago term and interest of 24% simple annual, 250 thousand payable
You have the following obligations: 150 thousand at 3 months, but signed six months ago term and interest of 24% simple annual, 250 thousand payable at 6 months, signed at a one-year term and interest of 25% and 200 thousand payable to 9 month term without interest. You propose to the bank to replace the bonds with two payments due in 6 months and 12 months respectively, so that in the first opportunity pay the third part than in the second. How much should be such payments if they set a yield of 27%. And the focal date within 6 months from today.
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
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