Answer: 2.74 years
Explanation:
Payback Period is a method of capital budgeting that works by checking how long the project will take to repay the investment outlay.
The formula is;
Payback Period = Year before Payback Period occurs + 
Initial Outlay = $4,650
First Year = $1,350
Second Year = $2,450
Third Year = $1,150
First year + second year = 1,350 + 2,450 = $3,800
Remaining till repayment = 4,650 - 3,800 = $850
Third year amount of $1,150 is higher than $850 so amount will be repaid in 3rd year.
Payback Period = Year before Payback Period occurs +
Payback Period = 2 + 
Payback Period = 2.74 years
Answer:
Basically in Nigeria, the major form of class is a physical class where by the lecturer lectures the student in related disciplines in a geographical location known as a lecture room.
Explanation:
Answer:
A) A bond's current yield must always be either equal to its yield to maturity or between its yield to maturity and its coupon rate.
Explanation:
the yield to maturity = current yield +/- capital gains yield
current yield = yield to maturity +/- capital gains yield
the capital gains yield is positive or negative depending if the bond was sold at a premium or at a discount which results in a coupon rate being either higher or lower than the yield to maturity.
so the current yield must always be within a range between yield to maturity and coupon rate
A private contractor becouse it is important
