What is the effective annual rate of loan

Assignment Help Finance Basics
Reference no: EM132478401

The Ohio Valley Steel Corporation has borrowed $5.6 million for one month at a stated annual rate of 9.2%?, using inventory stored in a field warehouse as collateral. The warehouser charges a $5,250 ?fee, payable at the end of the month. What is the effective annual rate of this? loan?

Reference no: EM132478401

Questions Cloud

Prepare journal entries for these transactions : Alamo completed following transactions in January, 2018. Prepare journal entries for transactions. Jan. 20 Sold 2,000 shares of treasury stock for $33 per share
Determine what the amount of carolina retained earnings : For Carolina Company, Determine what The amount of Carolina's retained earnings after closing on December 31, Year 1 was
Marginal tax bracket for capital gains : Assuming he is in the 23 percent marginal tax bracket for capital gains, how much will he save by donating the stock directly to charity?
How many shares of common stock would be outstanding : Preferred stock, 4%, cumulative, $100 par $100,000. How many shares of common stock would be outstanding if Victory declares a 4-for-1 stock split
What is the effective annual rate of loan : The warehouser charges a $5,250 ?fee, payable at the end of the month. What is the effective annual rate of this? loan?
Determine what syracuse retained earnings balance would be : Prior to closing, Syracuse Company's accounting records, After closing, Determine what Syracuse's retained earnings balance would be
Approximate new value of the call delta : By how much would the call price change (using the delta alone)? What is the approximate new value of the call delta?
What was the average issue price per share of common stock : Preferred stock, $50 par, 10% cumulative, 100,000 shares authorized, 90,000 shares issued $4,500,000. What was the average issue price per share of common stock
Approximate new value of the call delta : By how much would the call price change (using the delta alone)? What is the approximate new value of the call delta?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd