Question
You have the opportunity to purchase a note that still has 4 years to run. It pays $750 per year, with the first payment due
You have the opportunity to purchase a note that still has 4 years to run. It pays $750 per year, with the first payment due 1 year from now. It can be purchased for $2,700. Should you buy the note, assuming you can earn 6% on an alternative investment?
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Get StartedRecommended Textbook for
Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
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