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Author Question: Which of the following is considered a spontaneous source of financing? A) short-term notes ... (Read 29 times)

storky111

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Which of the following is considered a spontaneous source of financing?
 
  A) short-term notes payable B) preferred stock
  C) accounts payable D) long-term notes payable

Question 2

Bank A offers a 2-year certificate of deposit (CD) that pays 10 percent compounded annually. Bank B offers a 2-year CD that is compounded semi-annually. The CDs have identical risk.
 
  What is the stated, or nominal, rate that Bank B would have to offer to make you indifferent between the two investments?
  A) 9.67
  B) 9.76
  C) 9.83
  D) 9.87
  E) 9.93


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parshano

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