1 john invested in a mind condition 1952 mickey mantle, Ask an Expert

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1. John invested in a mind condition 1952 Mickey Mantle Topps baseball card. He spent $27,000 to aquire it. He expects the card to increase in value 10 percent per year for the next 13 years. How much will his card be worth after 13 years? Round your final answer to 2 decimal places.

2. Baker's Restaurant bonds have 6 years to maturity. Interest is paid semiannually. The bonds have a $1,500 par value and a coupon rate of 8 percent. If the price of the bond is $1,096.59, what is the annual yield to maturity?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92727161

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