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The Vandergrift Company has a revolving credit agreement with Commerce Bank under which the company can borrow up to $5 million at an annual interest rate of 1 percentage point above the prime rate (currently 9 percent). The company is required to maintain a 10 percent compensating balance on any funds borrowed under the agreement and to pay a 0.4 percent commitment fee on the unused portion of the credit line. Assume that Vandergrift has no funds in its account at Commerce Bank that can be used to meet the compensating balance requirement. Determine the annual financing cost of borrowing each of the following amounts under the credit agreement:
a. $1 million
b. $4 million
You believe the company will exercise its option to call the bonds at that time. If you require a pretax return of 10 percent on bonds of the risk, how much would you pay for one of these bonds today?
Write a 1,000-1,250-word essay in which you: Define and characterize social stratification. Include the character of class society including estate systems and social castes.
Hardware, Inc. purchased 100% of the common shares of Software, Inc. for $470,000 on 1/1/07. Software, Inc.'s balance sheet just before the purchase appears below:
Find out two publicly traded companies and compare and contrast them financially. This must include analysis, liquidity, asset management, financial leverage, profitability and market value. Describe your findings.
Let us calculate the number of periods. Suppose you owe $14,700 on your credit card with 0.9 % interest. If you are making payments of $500 a month, how long will it take for you to pay off this credit? Show steps.
What are the major types of foreign exchange risks? How are these risks hedged or mitigated? What benefits do firms gain from hedging activities?
The Fischer Sport Store has sales of $525,300, costs of goods sold of $305,500, accounts receivable of $57,600, and inventory of $109,100. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?
1 what does your strategic group map of the industry look like? how attractively is netflix positioned on the map?
Which of the following sections do annual reports typically contain?
Barracuda Count Dracula, the CFO, has requested that you provide the NPV at various interest rates. In addition you are to graph your NPV results at each interest rate to show the NPV profile of the project.
MNEs often transfer their domestic performance evaluation systems into the international environment. Why is that the case? What problems could they run into by using the same system?
nonconstant growth mitts cosmetics co.s stock price in 58.88 and it recentlypaid a 2 dividend. this dividend is
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