An NCD Promises to Pay $1 Million in 45 Days

question 49

Essay

An NCD promises to pay $1 million in 45 days' time.If the current yield is 7% p.a.what is its market value today?

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Definitions:

Compelling Sense

An irresistible urge or an intense feeling that drives action.

Executive Success

A measure of the achievement and progress towards goals that an individual in an executive position realizes, often reflecting leadership effectiveness and company performance.

Influence

The power to impact the personality, growth, or actions of an individual or entity, or the impact resulting from this.

Control

The power to influence or direct people's behavior or the course of events.