Uncovered interest rate parity.
The unbiased forward rates condition.
Purchasing power parity.
Interest rate parity.
The international Fisher effect.
The Dry Dock is considering a project with an initial cost of $ 118400. The project’ s cash inflows for years 1 through 3 are $ 37200, $ 54600 and $ 46900, respectively. What is the IRR of this project?
8.42 percent
7.48 percent
8.56 percent
8.04 percent
8.22 percent
The 7 percent bonds issued by Modern Kitchens pay interest semiannually mature in eight years and have a $ 1000 face value. Currently, the bonds sell for $ 1,032. What is the yield to maturity?
7.20 percent
6.87 percent
6.48 percent