Corporate Finance (Fin 2200)
Name________________
Student ID Number (last 5
digits)___________
Section
Assignment 3: Due May 28, 2007 at the beginning of class
Do your work on separate pages and keep them for your personal reference.
Only final answers will
be marked, but the key will include more detailed explanations.
On exams you should be prepared to show
all work (time lines, formulas, and numbers in formulas — you are
not
to indicate which buttons you
pushed on your calculator). In the questions below “your ID” refers to the 5 digits you write on the upper
right hand corner of this page. For example, suppose your student number is 6812345, then “your ID” is
12345; the “first 2 digits of your ID” is 12; and the “last 2 digits of your ID” is 45.
Answer in the spaces
provided.
Do not round
any intermediate calculations.
All final dollar answers
must
be rounded to two decimal
places (e.g., $125.89).
Other final answers
must
be rounded to 4 decimal places (e.g., 0.1234 or 12.34%).
1)
Given an effective annual (assume there are 365 days in a year) interest rate equal to (20+(1/10)
times last 2 digits of your ID) %, determine the equivalent rate per . . .
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 Three '09
 JAMES
 digits, Canada Gov’t

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