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Your firm is considering two one-year loan options for a $478,000 loan. The first carries fees of 2.5% of the loan amount and charges interest of 3.9% of the loan amount. The other carries fees of 1.7% of the loan amount and charges interest of 4.4% of the loan amount.
a. What is the net amount of funds from each loan?
b. Based on the net amounts of funds, what is the true interest rate of each loan?
What is the accumulated sum of the following stream of payments? $2,004 every year at the beginning of the year for 13 years, at 4.59%. compounded annually,
An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $52,000. You note that very similar cars are selling on the open market for $87,000. You don't care for classic cars and would rather buy a new Ford Explorer for $35,000. Wh..
Which one of the following tends to be true for the average investor?
What are the potential benefits of the domestic securities market to those investing in the foreign securities market and what are some examples
Prestopino Corporation produces motorcycle batteries. Prestopino turns out 2,100 batteries a day at a cost of $5 per battery for materials and labor. It takes the firm 23 days to convert raw materials into a battery. Prestopino allows its customers 4..
A $15,000 bond has semi-annual coupons and matures at par in 15 years. It is bought at a discount to yield j2 = 11%. The adjustment for book value at the end of 10 years is $41.62. Determine the purchase price.
The Caughlin Company has a long-term debt ratio of 0.26 and a current ratio of 1.10. Current liabilities are $820, sales are $6,240, profit margin is 8.5 percent, and ROE is 18.7 percent. What is the amount of the firm’s net fixed assets?
A large cow barn will cost $150,000 to build today and you figure it will add $18,000 per year to your after-tax cash flows for the next ten years. If the salvage value of the building is 50% after ten years and the cost of capital is 7%, what is the..
Laurel, Inc., and Hardy Corp. both have 9 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel, Inc., bond has 3 years to maturity, whereas the Hardy Corp. bond has 16 years to maturity. If..
Anky Beverage Co. expects the following cash flows from its manufacturing plant in Palau over the next six years. The CFO of the company believes that an appropriate annual interest rate on this investment is 4%. What is the present value of this une..
Fleet Fleet rental car company purchased 10 new cars for a total cost fo $180,000. The cars generated income fo $150,000 per year and incurred operating expenses of $60,000 per year. The company uses MACRS depreciation and its marginal tax rate is 40..
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. W..
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