Why do you need to understand finance and how will this, Financial Management

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Why do you need to understand finance and how will this

1. Why do you need to understand finance and how will this knowledge benefit you personally?

2. IBM has issued a $1,000 bond with 10 years to maturity and an annual coupon of $80. Calculate the price of this bond at the time of issuance if the yield to maturity is 6%

3. Sue now has $190. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?

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Financial Management: Why do you need to understand finance and how will this

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