Unformatted text preview: a.Based on the $24,099 price, what rate was TMCC paying to borrow money? b. Suppose that, on March 28, 2020, this security’s price is $38,260. If an investor had purchased it for $24,099 at the offering and sold it on this day, what annual rate of return would she have earned? c. If an investor had purchased the security at market on March 28, 2020, and held it until it matured, what annual rate of return would she have earned?...
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This note was uploaded on 01/28/2011 for the course FIN 301 taught by Professor Rahman during the Spring '10 term at Post.
- Spring '10
- Corporate Finance