Reference no: EM132944258
The Bensington Glass Company entered into a loan agreement with the? firm's bank to finance the? firm's working capital. The loan called for a floating rate that was 29 basis points ?(0.29 ?percent) over an index based on LIBOR. In? addition, the loan adjusted weekly based on the closing value of the index for the previous week and had a maximum annual rate of 2.25 percent and a minimum of 1.75 percent. Calculate the rate of interest for weeks 2 through 10.
Date LIBOR
Week 1 1.95%
Week 2 1.68?%
Week 3 1.48%
Week 4 1.31%
Week 5 1.57%
Week 6 1.68%
Week 7 1.66%
Week 8 1.91?%
Week 9 1.85%
Problem a. The rate of interest for week 2 is______?%.
Problem b. The rate of interest for week 3 is______?%.
Problem c. The rate of interest for week 4 is______?%
Problem d. The rate of interest for week 5 is______?%.
Problem e. The rate of interest for week 6 is______?%.
Problem f. The rate of interest for week 7 is______?%.
Problem g. The rate of interest for week 8 is______?%.
Problem h. The rate of interest for week 9 is______?%.
Problem i. The rate of interest for week 10 is______?%
|
What amount of depreciation should be recorded
: The asset was acquired on July 1, 2016. Using the same depreciation method in 2016, 2017 and 2018, what amount of depreciation should be recorded in 2019
|
|
What is the total sales value and net realizable value
: In Dept. 1, 110,000 pounds of material XYZ are processed, at a total cost of P120,000. What is the total sales value and net realizable value
|
|
Calculate a corrected amount for the ending inventory
: There were goods in transit on December 31, 2019, from a supplier with terms FOB destination, costing Tshs.10,000,000. Calculate the ending inventory
|
|
Find the quarterly payments needed to accumulate funds
: Find the quarterly payments needed to accumulate funds to pay the first year's tuition if funds earn 8% compounded quarterly.
|
|
What the rate of interest for week two is
: What the rate of interest for week 2 is? The Bensington Glass Company entered into a loan agreement with the? firm's bank to finance the? firm
|
|
Calculate the time-weighted geometric average return
: A manager buys three shares of stock today, and then sells one of those shares each year for the next 3 years. Calculate time-weighted geometric average return
|
|
Determine the value today
: Determine the value today, May 1, 2021 of one of these bonds to an investor who requires a 6 percent return on these bonds. Why is the value today
|
|
What would be the cost of new common stock equity
: What would be the cost of new common stock equity for Tangshan Mining if the firm just paid a dividend of $4.25, the stock price is $55.00
|
|
What the estimated cost of common stock equity is
: A firm has a beta of 1.2. The market return equals 14 percent and the risk- free rate of return equals 6 percent. The estimated cost of common stock equity is
|