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Mr. Kofi Briggs has maintained a satisfactory account with your branch for a period of 5 years. He is a mechanical engineer of 40 years old who runs a professional office engaged in considering and contacting work for the Tema development corporation, Tema, as well as for the private sector. Today Mr. Briggs calls to discuss with you his housing mortgage loan matter under your banks mortgage loan scheme for private house ownership. For the discussion he had produced a contractor's estimate of the cost of a private house he plans to build. The cost of the house was estimated at GH?30million. He says he has been allocated a plot of land at Tema and he has been given all the necessary documents. He is applying for a mortgage loan of GH?20million repayable within a period of 10 years. He has in his house ownership savings account a total of GH?16million, more than the minimum savings required of beneficiaries under the scheme. You are prepared to help him. Your bank takes a legal mortgage of the property concerned.
Required: What are the documents you will require from Mr. Briggs and how will you perfect your banks security.
Ameristar, Inc. can obtain funds for future investments through retained earnings, new issues of common stock, issuance of debt, and issuance
Wilson's Market is considering two mutually exclusive projects that will not be repeated. The required rate of return is 13.9 percent for Project A and 12.5 percent for Project B.
The interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 7.7 percent interest.
What is the net present value of investment A?? Investment B?? Investment C? What is the internal rate on investment A? Investment B? INvestment C? Which investment(s) should the firm make? Why?
What is the maximum number of miles Jorge can drive per? day?
You are an analyst for a sporting goods corporation that is considering a new project which will take advantage of excess capacity in a existing plant.
What are the bond's nominal yield to maturity and its nominal yield to call? Do not round intermediate calculations. Round your answers to two decimal places.
your firm has an avarage collection period of 33 days. current practice is to factor all receivables immediately at a
A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $75,000.
Roto Roofing Corporation just paid a dividend of $1.85. This dividend is expected to grow at a constant annual ratae of 3 percent each year. Roto Roofing's common stock is currently selling for $12.50.
a. What is the price? (expressed as a percentage of the face? value) of the treasury? bond?
An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of $73,000 per year for 30 years.
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