Fergie has the choice between investing in a State of New York bond at 4.3 percent and a Surething Inc. bond at 7 percent. Assuming that both bonds have the same nontax characteristics and that Fergie has a 30 percent marginal tax rate, what interest rate does the State of New York bond need to offer to make Fergie indifferent between investing in the two bond
Answers: 3
Another question on Business
Business, 22.06.2019 13:20
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
Answers: 2
Business, 23.06.2019 02:30
For the year ended december 31, 2019, davidson mart had sales of $ 550 comma 000 and cost of goods sold of $ 412 comma 500. davidson estimates that approximately 2% of the merchandise sold will be returned. the adjusting journal entry on december 31, 2019, would include a
Answers: 3
Business, 23.06.2019 22:30
"ellie purchases an insurance policy on her life and names her brother, jason, as the beneficiary. ellie pays $32,000 in premiums for the policy during her life. when she dies, jason collects the insurance proceeds of $500,000."
Answers: 1
Business, 24.06.2019 04:00
Railroads were once operated based on the thinking that users wanted trains rather than transportation, overlooking the challenge of other modes of transportation. this reflects the concept.
Answers: 1
You know the right answer?
Fergie has the choice between investing in a State of New York bond at 4.3 percent and a Surething I...
Questions
Mathematics, 24.09.2020 09:01
Mathematics, 24.09.2020 09:01
History, 24.09.2020 09:01
Arts, 24.09.2020 09:01
English, 24.09.2020 09:01
