Suppose you are deciding whether to buy a particular bond. if you buy the bond and hold it for 4 years, then at that time you will receive a payment of $10,000. if the interest rate is 6 percent, the present value of the bond is econ

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: