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1. What kinds of securities are available in the capital markets? How are the worldwide security markets organized?

2. The salesperson offers, "Buy this new car for $25,000 cash or, with an appropriate down payment, pay $500 per month for 48 months at 8% interest." Assuming that the salesperson does not offer a free lunch, calculate the "appropriate" down payment.

a. $1,000.00

b. $4,519.04

c. $5,127.24

d. $8,000

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800504

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