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Author Question: Leonardo's broker called him recently with an offer to buy Downliner Waterproof Furnishings Corp ... (Read 74 times)

james

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on: Jul 10, 2018
Leonardo's broker called him recently with an offer to buy Downliner Waterproof Furnishings Corp common stock for 40 per share. His broker promised to repurchase the shares in one year for 45 per share.
 
  If Leonardo accepts this deal, what is his required return? The stock is not expected to pay a dividend next year.
  A) 15.3
  B) 10.0
  C) 30.6
  D) 15.1
  E) 12.5

Question 2

Because poor creditworthy customers may cause bad debt losses, credit sales to them should not be
  allowed.
 
  Indicate whether the statement is true or false


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cascooper22

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Reply #1 on: Jul 10, 2018
Answer to Question 1

E

Answer to Question 2

FALSE


james

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

bigcheese9

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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