The note was issued at The present value of the Par a Premium a Discount
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9MC: The process that determines the present value of a single payment or stream of payments to be...
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On 1 January 2024, Pelican Inc. provided services to Eagle Co. in exchange for Eagle’s $300,000, 2-year 8% note with interest compounded semi-annually on July 1 and January 1. The current market rate of similar notes is 12%. Pelican Inc. financial year ends December 31.
Set financial calculator to zero decimal place.
the second question that you cant see properly is
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