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A local finance company quotes an interest rate of 17 percent on one-year loans. So, if you borrow $31,000, the interest for the year will be $5,270. Because you must repay a total of $36,270 in one year, the finance company requires you to pay $36,270 / 12, or $3,022.50, per month over the next 12 months.
What interest rate would legally have to be quoted? Annual percentage rate=_____
What is the effective annual rate? Effective annual rate=____
Fullerton Company's bonds are currently selling for $1,200.00 per $1000 par-value bond. The bonds have a 10% coupon rate and will mature in 11 years. What is the yield to maturity? (assume semi-annual coupon payments).
At year-end 2013, Wallace Landscaping total assets were $1.0 million and its accounts payable were $350,000. Sales, which in 2013 were $2.5 million, are expected to increase by 25% in 2014. Total assets and accounts payable are proportional to sales,..
Maximization of shareholder wealth
You are required to submit a bid to supply 200,000,000 widgets per year to the State of Illinois for the next five years. Your company has an idle tract of real estate that cost $1,500,000 ten years ago; if your company sold the land today, it would ..
Viktoria has found out that freight to Zurich from Romania by courier would cost on average RON 150 per carton and that the total time from her placing an order to receiving the goods in Zurich would be two weeks
If the spot rate for Euro is .81 Euro is equal to 1 US $, and the annual interest rate on fixed rate one-year deposits of Euro is 2.5% and for US$ is 1.5%, what is the nine-month forward rate for one Euro in terms of dollars? Assuming the same intere..
Consider a firm with a contract to sell an asset for $165,000 four years from now. The asset costs $94,000 to produce today. Given a relevant discount rate on this asset of 13 percent per year, will the firm make a profit on this asset?
John Jones currently holds tax-exempt bonds that pay 7% interest and is in the 32% tax bracket. He is considering buying taxable bonds. With all else the same, what interest rate on the taxable bonds will he need to get the same after-tax return as t..
Professor Proton's Lab Supply Corp. has a debt-equity ratio of 57 percent, a total asset turnover of 1.12, and a profit margin of 4.9 percent. The total equity is $511,640. What is the amount of the net income? Round to the nearest dollar.
Describe the effect of the errors on the income statement and balance sheet and is this company profitable? How do you determine whether or not this is the case
In your opinion, what are the primary challenges for each of these firms with respect to their employees, customers, suppliers, and shareholders? Be specific.
You used Dell as a representative company to estimate the cost of capital for GCI. What are some of the potential problems with this approach in this situation? What improvements might you suggest?
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