1. What is the present value of the following future amount? $454,667, to be received 8 years from now, discounted back to the present at 10 percent, compounded annually. Round the answer to two decimal places.
2. What is wells fargo corporate strategy?and please help descibe it with examples for class.
3. If Tommy is in the 15% income tax bracket and is considering buying a muni bond that yields 3%, what yield would a corporate bond have to pay to make him indifferent between the two bonds, ceteris paribus?