Journal of Accountancy, Հատոր 5 |
From inside the book
Արդյունքներ 100–ի 1-ից 5-ը:
Էջ 1
Professor Sprague attacks the general view that present bond values should be
based in part on the assumption that the interest received is to be reinvested .
Messrs . Rollins and Robinson defend this view , though by different arguments .
Professor Sprague attacks the general view that present bond values should be
based in part on the assumption that the interest received is to be reinvested .
Messrs . Rollins and Robinson defend this view , though by different arguments .
Էջ 4
18 plus interest and it is settled . Now , suppose you discount another note of $
30 , under the same conditions but payable in 11 / 2 years , investing $ 27 . 86
and receiving 27 . 86 x 1 . 025 X 1 . 025 X 1 . 025 = 30 . Here your money has
again ...
18 plus interest and it is settled . Now , suppose you discount another note of $
30 , under the same conditions but payable in 11 / 2 years , investing $ 27 . 86
and receiving 27 . 86 x 1 . 025 X 1 . 025 X 1 . 025 = 30 . Here your money has
again ...
Էջ 5
... so that the face value of the bond , added to the accumulation of reinvested
interest , will , at its maturity , be exactly equivalent to the original cost of the same
. In a nutshell , that is part of the point in controversy , but even those who
conceive ...
... so that the face value of the bond , added to the accumulation of reinvested
interest , will , at its maturity , be exactly equivalent to the original cost of the same
. In a nutshell , that is part of the point in controversy , but even those who
conceive ...
Էջ 6
In actual practice , if he does that , and does it promptly , and as he should do ,
the face value of the bond , added to the accumulation of the reinvested interest ,
will , at its maturity , be exactly equivalent to the original cost of the same . That is
...
In actual practice , if he does that , and does it promptly , and as he should do ,
the face value of the bond , added to the accumulation of the reinvested interest ,
will , at its maturity , be exactly equivalent to the original cost of the same . That is
...
Էջ 7
It is not necessary here to show that these sums at compound interest will yield
that amount . No “ controvertist ” will deny that . Why , then , should they claim that
it cannot be done ; that is , that no such sinking fund ever can be put into practice
...
It is not necessary here to show that these sums at compound interest will yield
that amount . No “ controvertist ” will deny that . Why , then , should they claim that
it cannot be done ; that is , that no such sinking fund ever can be put into practice
...
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