Given that:

Principal $13,500, Interest Rate 9%, Time 240 days (use ordinary interest)

Partial payments:

On 100th day, $3,800

On 180th day, $2,500

a. Use the U. S. Rule to solve for total interest cost.(Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)b. Use the U. S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.