If we are solving a 0-1 integer programming problem, the constraint x1 + x2 = 1 is a mutually exclusive constraint
Indicate whether this statement is true or false.
Answer: FALSE
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Select ALL of the following statements that are false:
a. Money is a store of value, even if its purchasing power is relatively unstable over time. b. The ease with which an asset can be exchanged for money or other assets is referred to as liquidity. c. Credit money is any circulating medium which has little intrinsic value relative to its monetary value. d. In the future, electronic funds transfer systems may be used to such an extent that a virtually checkless society may result.
Zhen Yi Computers has an outstanding issue of bond with a par value of $1,000, paying 12 percent coupon rate semi-annually. The bond was issued 25 years ago and has 5 years to maturity
What is the value of the bond assuming 14 percent rate of interest?