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Material Type: Exam; Class: Business Finance I; Subject: Finance; University: Georgia College & State University; Term: Fall 2007;
Typology: Exams
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Exam Two
Exam Two Therefore, present value of the annuity due = 6,703.2482 x (1.0575) = 7,088. So final answer (to 2 decimal places) = $7,088.
Exam Two A 9.50% p.a. B 9.77% p.a. C 10.00% p.a. D 10.50% p.a. E 11.00% p.a. B
Exam Two To get the annual coupon rate, multiply PMT by 2 and then divide by the par value of $1000. Then express answer as a percentage. Coupon rate = (26.6166 x 2)/1000 = 0.0532332 or 5.32% p.a.
Exam Two of each of following five years, $9,000. You require a 10% rate of return. What is the maximum price you would pay for this asset? A 46612. B 46712. C 46812. D 46912. E 47112. A See my slides.
Exam Two