In 2013, Apple Computers Decided to Raise a Large Amount

question 84

Essay

In 2013, Apple Computers decided to raise a large amount of money by selling bonds (previously the company had little or no debt)and use the proceeds to repurchase billions of dollars worth of the company's shares.The decision was made after Apple shares lost more than 40% of its value in a six-month period when most share prices were rising.What was the company's intention?

Understand the concepts of simple interest and compound interest.

Differentiate between ordinary (360-day year) and exact interest (365-day year) calculations.

Apply mathematical skills to compute both ordinary and exact interest.

Master the skill of rounding numbers to the nearest cent in financial calculations.

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Definitions:

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