What is the implicit cost of trade credit under these terms

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1. Book Depot Inc. sells on terms of 2/15, net 90. What is the implicit cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal place

2. New companies outstanding bonds have a $50,000 par value, 6.25% semi annual coupon, 15 years to maturity, and a 6% yield to maturity. What is the bonds price?

3. A proposed new investment has projected sales of $670,000. Variable costs are 55 percent of sales, and fixed costs are $156,000; depreciation is $57,000. Prepare a pro forma income statement assuming a tax rate of 35 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.)

Sales: $

Variable costs:

Fixed costs:

Depreciation:

EBT: $

Taxes:

Net income $

Reference no: EM131863064

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