1 suppose the interest rate is 46-percent per month and you, Ask an Expert

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1. Suppose the interest rate is 4.6-percent per month and you require a $1,200 CF at the end of every month forever. How much must you invest today to meet this objective?

2. Nungesser Corporation's outstanding bonds have a $1,000 par value, a 12% semiannual coupon, 10 years to maturity, and an 9.5% YTM. what is the bond's price? Round your answer to the nearest cent.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92794597

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