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Question - These account balances at December 31 relate to Aqua Sport, Inc.:
Data table
Accounts Payable $51,300
Accounts Receivable 81,950
Common Stock 310,000
Treasury Stock 5,400
Bonds Payable 3,200
Paid-in Capital in Excess of Par-Common 280,000
Preferred Stock, 10%, $100 Par 81,000
Retained Earnings 71,300
Notes Receivable -
Required - What is total stockholders' equity for Aqua Sport, Inc.?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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