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Problem
A scam artist collected $20 million from gullible investors for an oil-well-drilling scheme. The scam artist promised that he would pay off the investors in full wihtin eight years if the oil wells, for some reason, were not drilled. He purchased zero-coupon bonds that paid off the $20 million in a single payment at the end of eight years. He then mailed the bonds to his investors, pocketing the difference between the price of the bonds and the $20 million, and skipped the country. The rate of return on the bonds was 9%. Get the instant assignment help. How much did the scam artist pocket?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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