Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 407 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 11 Oct 2017 My Price 5.00

unpaid intern

Assume that you inherited some money. A friend of yours is working as an unpaid intern at a

local brokerage firm, and her boss is selling securities that call for 4 payments of $50 (1

payment at the end of each of the next 4 years) plus an extra payment of $1,000 at the end of

Year 4. Your friend says she can get you some of these securities at a cost of $900 each. Your

money is now invested in a bank that pays an 8% nominal (quoted) interest rate but with

quarterly compounding. You regard the securities as being just as safe, and as liquid, as your

bank deposit, so your required effective annual rate of return on the securities is the same as

that on your bank deposit. You must calculate the value of the securities to decide whether

they are a good investment. What is their present value to you?

Answers

(5)
Status NEW Posted 11 Oct 2017 02:10 PM My Price 5.00

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