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Lamar Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 50; and it currently pays after 5 days and takes discounts. Lamar plans to expand, which will require additional financing. Assume 365 days in year for your calculations.
If Lamar decides to forgo discounts, how much additional credit could it obtain? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent.
$
What would be the nominal cost of that credit? Round your answer to two decimal places.
%
What would be the effective cost of that credit? Round your answer to two decimal places.
If the company could get the funds from a bank at a rate of 11%, interest paid monthly, based on a 365-day year, what would be the effective cost of the bank loan? Round your answer to two decimal places.
Suppose you purchase a 30-year Treasury bond with a 7% annual coupon, initially trading at par. In 10 years time the bond's yield to maturity has risen to 8% (EAR). (Assume $100 face value bond) If you sell the bond now, what internal rate of return..
Although a third party reserve report can be costly, it can benefit both buyer and seller. Please list an example of how each would benefit from the report, without hindering the sale.
Suppose the spot exchange rate for the Canadian dollar is Can$1.04 and the six-month forward rate is Can$1.06. Which is worth more, a U.S. dollar or a Canadian dollar?
discuss the following topic does arbitrage destabilize foreign exchange markets? arbitrage can be loosely defined as
You want to invest in a stock that pays $5 annually dividend for the next four years, you will sell the stock for $20. If you want to earn 12% on this investment, what is the price for this stock today?
Also, a _______-weighted index is "distorted" in that it is influenced equally by both large and small firms whereas a ______-weighted index is "distorted" in that it is influenced more by firms with relativity greater total market capitalizations.
Which one of the following statements concerning liquidity is correct?
Present Worth Method and annual Worth Method - Suppose that a manufacturer is going to produce a part which is a component of a number of his assembled products.
1.calculate the after-tax cost of debt under each of the following conditionsa.interest rate 8 percent tax rate 0
For marketers adept at recognizing new opportunities, the online bulletin board Pinterest can provide their companies with a competitive advantage.
You have just made your first $5,700 contribution to your retirement account. Assume you earn a return of 13 percent per year and make no additional contributions. What will your account be worth when you retire in 38 years?What if you wait 10 years ..
Describe the relationship between a corporation’s common stockholders its board of directors, and its chief executive officer(CEO)
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