The owner of a promissory note will receive a payment of $4,000 plus interest at...
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The owner of a promissory note will receive a payment of $4,000 plus interest at J4=11.1% in 6 months after the issue date and a payment of $4,500 plus interest at J4=11.1% 15 months after the issue date. The owner of the note sells the note to Yawen 5 months after the issue date. Yawen wanted a rate of return of J12-11.6%. Calculate the price that Yawen will pay for the promissory note. You can be given partial points for: a) Doing the 5 required steps for your timeline b) Showing your calculations for each steps Your
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