Question

q1.1 You have purchased a leather lounge setting for $4,200 on credit. The company you purchased from offers you

2.5/10, net 45 days. What is the implied interest rate if you do not take up the discount?

q1.2 Thorpdale d is offering bonds with a coupon rate of 3.5% paid quarterly. The par value of each bond is $1,000 and has ten (10) years to maturity. The yield to maturity is 10.0%. What is the value of the bond?

Finance