Trigen Corp. management will invest cash flows of $600,687, $1,199,498, $408,070, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 8.07 percent, what is the future value of these investment cash flows six years from today? (Round answer to 2 decimal places, e.g. 15.25.)
Future value | $ |
Trigen Corp. management will invest cash flows of $600,687, $1,199,498, $408,070, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 8.07 percent, what is the future value of these investment cash flows six years from today?
(Round answer to 2 decimal places, e.g. 15.25.)
Future value |
$ |
What is the expected return on Barbara’s investment? Expected return |
Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $972.59. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,049.68, what is the yield that Trevor would earn by selling the bonds today?
(Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)
Effective annual yield |
% |