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2 harks question 3 4 marks c you have been...

Question: 2 harks question 3 4 marks c you have been...

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(2 HarKS) QUESTION 3 (4 marks) (c) You have been offered the chance to invest in a film venture. You have to put up $500,000 in capital to earn $300,000 in year one and $300,000 in year two. What rate of interest will you earn if you take this opportunity? (Show all working) (2 marks) (d) A company borrowed money by selling promissory notes with 90 days to maturity. If each note has a face value S100,000 and was sold for $98,303, what was the current market yield on promissory notes in this risk class at issuance? (2 marks) Distributing prohibited | Downloaded by Dominic Ho ) BU2004/BX2014:03/2/15

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