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You've worked out a line of credit arrangement that allows you to borrow up to $ 50 million at any time. The interest rate is .72 percent per month. In addition, 4 percent of the amount that you borrow must be deposited in a non-interest-bearing- account. Assume that your bank uses compound interest on its line of credit loans.
(a) what is the effective annual interest rate on this lending arrangement?
(b) suppose you need $ 15 million today and you repay it in six months. How much interest will you pay?
On April 30, 2010, one year before maturity, Red Products, Inc. retired $150,000 of 8% bonds payable at 103. The book value of the bonds on April 30 was $144,600. Bond interest was last paid on April 30, 2010. What is the gain or loss on the retir..
Jack sold the land for $325,000 cash. As a result of the second disposition, what gain must Sierra recognize in 2014?
Yang Corp. is growing quickly. Dividends are expected to grow at a rate of 32 percent for the next three years, with the growth rate falling off to a constant 7.2 percent thereafter.
Determine the accumulated balance after the stated period. A $7985 deposit in an account withan APR of 8% compounded continuously or 4 years.
Explain. What should happen to Dullpore's cash balances when they increase their line of credit? Why? What would happen to Dullpore's current ratio? According to this change is Dullpore more or less liquid?
With 100 million shares outstanding and a stock price of $163, what was the dividend yield? (Round the intermediate and final answer to 2 decimal places)
An investor buys a stock for $80, and one year later receives a $5 dividend and sells the stock for $79. What was the investor's return?
How many choppers would you have to sell to break even, if you required a 15% return? (Hint: Use the 15% as the discount rate and calculate net present value.
Today is Sarah's 30th birthday. Five years ago, Sarah opened brokerage account when her grandmother gave her $25,000 for her 25th birthday. Suppose that the account has earned (and will continue to earn) effective return of 12 percent a year.
However, competitive pressures and increased costs are expected to shrink margins to 11% in years 4 and 5.
Computation the investment for each year and wants to invest equally amounts at the end of each year for the next 6 years to accumulate
What are Erna's capital structure weights on a book value basis?
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