Describe bond to person who has no idea

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1. How would you describe a bond to a person who has no idea what a bond is? Include positive and negative advantages

2. Company X is expected to pay an end-of-year dividend of $3.00 a share. After the dividend its stock is expected to sell at $70. If the market capitalization rate is 10%, what is the current stock price? (Round your answer to 2 decimal places.)

Reference no: EM132071151

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