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If a firm borrowed $50,000 at a rate of 9%, simple interest, with monthly interest payments and a 365-day year, what would the effective annual rate on this loan be?
Which Answer is correct?
a) 8.84%
b) 9.02%
c) 9.38%
d) 9.61%
e) 9.99%
If mortgage rates increase from 5% to 10%, but the expected rate of increase in house prices increases from 2% to 9%, are people more or less likely to buy houses? ( Show your work to receive full credits).
many services are available to help seniors stay in their homes. these services are increasing in popularity as more
Liz Rogers just closed a $10,000 business loan that is to be repaid in three equal, yearly, end-of-year payments. The interest rate on the loan is 13 percent.
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Blackstone Corporation's $7 preferred was issued five years ago. The risk-appropriate interest rate for the issue is currently 11%. What is this preferred stock selling for today?
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Knut owns NKr27,000 worth of XYZ's shares. What rate of return is he expecting? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)
For example, consider how you recently chose between two products or services offered by different companies. What factors made you choose one over the other? How do the companies compete?
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