Jeff has 8,000 and would like to purchase a 10,000 bond. In doing so, Jeff takes out a 10 year loan of 2,000 from a bank and will make interest-only payments at the end of each month at a nominal rate of 8.0% convertible monthly. He immediately pays 10,000 for a 10-year bond with a par value of 10,000 and 9.0% coupons paid monthly. Required:
Calculate the annual effective yield rate that Jeff will realize on his 8,000 over the 10-year period.

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

Sunset foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can sunset improve its ability to collaborate without sacrificing the benefits of its current structure

Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?