NAME: MASSAWE BARAKA‚ REG. NO: 2010-04-03894. 12 FINANCE 202 INDIVIDUAL ASSIGNMENT UDBS Consider a 10 year bond that has a face value shs 1000‚ a coupon rate of 6% and pays interest once a year. (a)Suppose person A bought this bond at par when it was initially issued and sold it 1 year later to person B for shs 1024.What is B’s total return? Soln Total return =[ Interest paid +(selling price – buying price)]/buying price Given; Annual interest paid = coupon rate x par value‚ coupon
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materiality or spirituality. On the contrary‚ Tim O’Brien on “The Things They Carried” and Louise Erdrich in “The Red Convertible” write about the meaning of symbolism. Symbolism can be an object that we have a deep connection to depending on the circumstances we are in. In “The Red Convertible” Louise Erdrich describes the relationship of Lyman and Henry when they both buy a red convertible. The car becomes a symbol of their connection as brothers‚ but also the car foreshadows Henry’s health after he
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BOND PROBLEM SOLUTIONS 1. Six years ago‚ The Corzine Company sold a 20-year bond issue with a 14 percent annual coupon rate and a 9 percent call premium. Today‚ Corzine called the bonds. The bonds originally were sold at their face value of $1‚000. Compute the realized rate of return for investors who purchased the bonds when they were issued and who surrender them today in exchange for the call price. PV = 1000; N = 6; PMT = 140; FV = 1090; CPT I/Y I/Y = 15.02% 2. You just purchased
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In the short story The Red Convertible‚ written by Louise Erdrich‚ there were two brothers who went through the same problem. Henry and Lyman had a close brotherly bond relationship‚ going through adventures together with the car they bought with their money combined. One day‚ Henry got deployed to Vietnam. As soon as he came back‚ he was a changed man‚ inside and out. Henry only wore his worn out clothes‚ and military boots. He showed no interest to the car as well as to his brother. When both
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activities of the corporation are entrusted to them. Guaranteed Stocks-Stock of corporation wherein the payment of dividends is guaranteed by another corporation. Debenture Stock- not stock in the real sense‚ but a debt issue similar to debenture bonds. They are fixed interest securities issued by limited
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Using present value to value bonds A bond‚ from the perspective of the person issuing the bond is a form of long term debt. In the hands of the person who has acquired the bond it is an asset. The agency issuing the bond agrees to pay a fixed sum of money to the holder of the bond for a period of years and then‚ at the end of that period‚ to pay back the face value of the bond. Bonds can be issued by a variety of agencies/companies: 1. Municipal bonds: issued by cities‚ states and
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In “The Red Convertible” and ‘The Things They Carried’ these characters carried baggage that could not only been seen‚ but they also carried baggage that was internal. In these stories the author uses setting and symbolize to portray the growth of these characters throughout their journey in war‚ and also tells the story of the mental strain war can cause someone. In “The Red Convertible” the characters Lyman and Henry have a bond that could not be broken by any circumstance. The bond is symbolized
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Color Red In the short story “The Red Convertible‚” Louise Erdrich depicts the relationship of two brothers‚ Lyman and Henry‚ who experience first-hand the reality of a soldier coming home from war. Erdrich uses the condition of the convertible the brother’s purchase together to reflect the status of their relationship. The red Olds represents their initial relationship‚ the togetherness they create from having it and eventually the disconnection of their bond after Henry returns from war. By using
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Essay Topic #1: The Growing Distance between Family Members Louise Erdrich’s “The Red Convertible” and John Cheever’s “Reunion”‚ both use symbolism to reveal the growing distance between the main characters. However‚ this fictional technique is used and appears uniquely in both works. In the “Red Convertible” the car is one solitary symbol that represents the brothers’ relationship but in “Reunion” the places the father and son visit resembles their growing distance. Even though the symbols
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The Red Convertible Summary In the short story called “The Red Convertible” by Louise Erdrich‚ focuses on those who are left behind and going off to war. Stephan is Marty’s older brother‚ one summer before Stephan goes off to the Army they buy a red convertible together and travel all over the United States meeting new people and exploring new places. As they get back home the car breaks down and Stephan leaves for two years‚ during that time Marty fixes the car and is in perfect condition. A
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