Shamrock corporation having recently issued a 20141900, Ask an Expert

Finance

Shamrock Corporation, having recently issued a $20,141,900, 15-year bond issue, is committed to make annual sinking fund deposits of $622,900.

The deposits are made on the last day of each year and yield a return of 10%.

Determine the amount of deficiency.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92743904

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