What can be done to improve ethics in finance
Answer the following question:
Question 1: What can be done to improve ethics in finance?
Question 2: What can be done to improve ethics in corporate governance?
Justify your answer and provide full explanation.
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A company agrees to repay a loan over five years. Interest payments are made annually and a sinking fund is built up with five equal annual payments made at the end of the year. Interest on the sinking fund is compounded annually.
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What can be done to improve ethics in finance? What can be done to improve ethics in corporate governance?
You want to borrow $36,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $750, but no more. Assuming monthly compounding,
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You have decided to buy a house. You can get a mortgage rate of 5 percent, and you want your payments to be $1,540 or less. How much can you borrow on a 15-year fixed-rate mortgage?
A 5,000 par value municipal bond with a coupon rate of 4.73 percent sells for $4,682 and has ten years until maturity.
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