Business, 26.11.2019 06:31 SMURFETTE86
Your company plans to borrow $13 million for 12 months, and your banker gives you a stated rate of 24 percent interest.
calculate the effective rate of interest for the following types of loans.
a.
simple 24 percent interest with a compensating balance of 10 percent. (use a 360-day year. input your answer as a percent rounded to 2 decimal places.)
effective rate of interest %
b.
discounted interest (with no compensating balance). (input your answer as a percent rounded to 2 decimal places.)
effective rate of interest %
c.
an installment loan (12 payments). (input your answer as a percent rounded to 2 decimal places.)
effective rate of interest %
d.
discounted interest with a compensating balance of 5 percent. (use a 360-day year. input your answer as a percent rounded to 2 decimal places.)
effective rate of interest %
Answers: 3
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The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
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Dr. hughes enjoys offering to employees who perform over and above the call of duty
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Your company plans to borrow $13 million for 12 months, and your banker gives you a stated rate of 2...
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