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Author Question: The Boyles Ceramics, Inc established a line of credit with a local bank. The maximum amount that ... (Read 117 times)

fasfsadfdsfa

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on: Jul 10, 2018
The Boyles Ceramics, Inc established a line of credit with a local bank. The maximum amount that
  can be borrowed under the terms of the agreement is 1,000,000 at an annual rate of 8 percent.
 
  A
  compensating balance averaging 25 percent of the amount borrowed is required. Prior to the
  agreement, Boyles had no deposit with the bank. Shortly after signing the agreement, Boyles
  needed 240,000 to pay off a note that was due. It borrowed the 240,000 from the bank by drawing
  on the line of credit. What is the effective annual cost of credit?
  A) 8.85 B) 12.50 C) 11.11 D) 10.67

Question 2

A beta coefficient of + 1 represents an asset that
 
  A) is unaffected by market movement.
  B) is less responsive than the market portfolio.
  C) has the same response as the market portfolio.
  D) is more responsive than the market portfolio.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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CharlieArnold

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Reply #1 on: Jul 10, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fasfsadfdsfa

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

xiazhe

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Reply 3 on: Yesterday
Excellent

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