Jing Xuan Wu
Introduction To China
China is the worlds most populated country with over 1.38
billion people, and it is one of the second-largest country by
land area. Located at the Southeast Asia along
FIN 612 Final Assignment
1) Pilot Corporation has the following current capital structure, which is considered
Pilot is paying interest at a rate of 12% on its outstand
Prepare an ending 2015 Income Statement, Balance Sheet and Statement of
Retained Earnings from the following information: Sales $800,000; Cost of
Goods Sold $300,000; Accounts Receivables $20,000; Bonds Outstanding
Describe each of the four main types of bonds discussed in Chapter Five.
A bond is a debt investment, the investor loans the money to a firm, which borrows the funds for
a certain period of time at a variable or through a fixed interest rate.
1) You invest $20,000 today, at a rate of 10% compound quarterly. What will the
investment be worth at the end of year twenty?
Computing the future value of the investment
Future value = Investment (1+rate/number of compounding) years number
ECO 524 and FIN 612
Required Textbook(s) and Resources
These are the materials you will need to purchase for the course:
Financial Markets and Institutions, 11th edition by Jeff Madura. Cengage Learning,