Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Nov 2017 My Price 3.00

McCurdy Inc

A McCurdy Inc has issued a 10 year bonds with a face value of $500000 in $1000 units. Interest of 8% annually is paid monthly. If you as an investor desire to have a 12% nominal interest (compounded monthly) on $10,000 worth of bonds, what would the purchase price have to be?

**Cannot use an economics calculator, can only have a graphing calc and no charts!**

 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Nov 2017 09:11 PM My Price 3.00

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