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laiz [17]
3 years ago
12

The term demand loan refers to a loan

Business
1 answer:
valina [46]3 years ago
4 0

Answer:

The term demand loan refers to a loan for which the entire balance must be paid immediately at the lender's request.

Answer: D

Explanation:

A demand loan lets the lender shorten the notice period for recalling the loan, thereby using it as a borrowing instrument. Upon immediate notification, the borrower has to repay the entire loan amount along with any interest associated with it. By means of this arrangement, the borrower is enabled towards loan repayment at any time sans any early penalty of repayment. To illustrate, overdraft arrangement is variable from the normal lending approach, having maturity date already determined along with the payable schedule of payments.

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Marin Corporation issues $520,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the ma
ikadub [295]

Answer:

The issue price of the bond is $ 487,598 as calculated in the attached  

Explanation:

The issue price of the bond is the present value of the future cash flows payable by the bond.The discount factor with which to multiply the future cash flows to arrive at present value is modified by dividing the rate by 2 to show that interest is payable semi-annually and also by multiplying n, the number of years by 2 to indicate that the interest would now be paid at a time that doubles the original time horizon.

The formula for present value in the case is :FV/(1+10%/2)^n*2

In calculating the present of coupon interest received in the first six months,the coupon interest is calculated $520000*9%/2=$23400,then the present of this amount is gotten by multiplying $23400 with (1+10%/2)^1*2

Find detailed computation in the attached.

The par value of $520000 is added to the last interest as it payable then.

Download xlsx
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4 years ago
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neonofarm [45]

Explanation:

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