Determine kevin annualized yield on this investment

Assignment Help Finance Basics
Reference no: EM132139865

A year ago, Kevin purchased a negotiable certificate of deposit (NCD) for $969,000 in the secondary market. The NCD matures today and Kevin redeems it receiving $1,000,000 and also interest of $25,000. Determine Kevin's annualized yield on this investment.

Reference no: EM132139865

Questions Cloud

Primary supplier contacts : Tom is pleased to know where the breakeven point is, but his business objective is not breaking even; he's in this deal to make money hopefully a lot of money
How many bottles of wine must the store sell per week : So he sets weekly sales targets for Vinnie. How many bottles of wine must the store sell per week in order for the business to break even?
Retirement of this indebtedness : In planning his cash flow for Antilles Spice, how much money will Rhyan need to set aside for the retirement of this indebtedness at the end four years?
Price charles would be willing to pay for this t-bill : The price Charles would be willing to pay for this T-bill is how much (rounded to the nearest dollar)?
Determine kevin annualized yield on this investment : The NCD matures today and Kevin redeems it receiving $1,000,000 and also interest of $25,000. Determine Kevin's annualized yield on this investment.
What will her annualized yield be : If Sara decides to hold this investment to maturity then what will her annualized yield be?
How could you make an arbitrage profit if the coupon : How could you make an arbitrage profit if the coupon bond were trading at $100?
Calculating annuity present values : Calculating annuity present values. Beginning three months from now, you want to be able to withdraw $2,500 each quarter from your bank account
How much money did the attorney think he had in his account : How much money did the attorney think he had in his account before he learned of the fraud?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd