Internship In Nurbank (Report)

Exercises

Exercise 14- 2

compulsion 1

200 million x 12% x 2/12 = 4 million
face annual fraction of theaccrued
amount appreciate annual periodinterest

Requirement 2

(USD in millions)
Cash ( 99 million plus accrued interest)202
Discount on bonds ( 200 million – 198 million)2
Bonds payable (face amount)200
kindle payable (accrued interest determined above)4

Exercise 14- 5
1.Maturity matter to pay verbalize rateEffective (market) rate
10 ageannually10%12%
Interest$200,000 ¥x 5.65022 * =$1,130,044
dealer$2,000,000 x 0.32197 ** = 643,940
give up foster (price) of the bonds$1,773,984
¥ 10% x $2,000,000
* display value of an ordinary annuity of $1: n=10, i=12%
**present value of $1: n=10, i=12%
2.MaturityInterest paidStated rateEffective (market) rate
10 yearsbiennially10%12%
Interest$100,000 ¥x 11.46992 * =$1,146,942
Principal$2,000,000 x 0.31180 ** = 623,600
Present value (price) of the bonds$1,770,542
¥ 5% x $2,000,000
*present value of an ordinary annuity of $1: n=20, i=6%
**present value of $1: n=20, i=6%

3.



MaturityInterest paidStated rateEffective (market) rate
10 yearssemiannually12%10%
Interest$120,000 ¥x 12.46221 * =$ 1,495,465
Principal$2,000,000 x 0.37689 ** = 753,780
Present value (price) of the bonds$2,249,245
¥6% x $2,000,000
*present value of an ordinary annuity of $1: n=20, i=5%
**present value of $1: n=20, i=5%

4.MaturityInterest paidStated rateEffective (market) rate
20 yearssemiannually12%10%
Interest$120,000 ¥x 17.15909 * =$2,059,091
Principal$2,000,000 x 0.14205 ** = 284,100
Present value (price) of the bonds$2,343,191
¥ 6% x $2,000,000
*present value of an ordinary...If you want to get a full essay, order it on our website: Orderessay



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