Sworn Construction Statement. One of the documents required by a lender is a sworn construction statement from a building contractor. A sworn statement is an itemized list of all individuals and companies who have provided improvements, materials, or labor toward the construction project. This includes bids from subcontractors and suppliers for all labor and specific materials that go into the construction of the property.
Investment Characteristics. Most commercial paper has a maturity of about 45 days, and most are less than 90 days, although some commercial paper has a maturity of up to 270 days. The terms of the commercial paper is determined by a number of factors. One factor is the market.
N = 24 I/Y = 4.1 * 2 = 8.2% PV = -985 PMT = 40 FV = 1000 CY = 80/985 = 8.12% YTC--semiannual bond 10. A corporate bond matures in 10 years. The bond has an 10 percent semiannual coupon and a par value of $1,000. The bond is callable in five years at a call price of $1,050. The price of the bond today is $1,075.