This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: DAS, Inc has a line of credit with FBT Bank that allows DAS to borrow up to 400,000 at an annual ... (Read 119 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
on: Jul 10, 2018
DAS, Inc has a line of credit with FBT Bank that allows DAS to borrow up to 400,000 at an annual
  interest rate of 11 percent. However, DAS must keep a compensating balance of 25 percent of any
  amount borrowed on deposit at the bank.
 
  DAS does not normally have a cash balance account with
  the bank. What is the effective annual cost of credit?
  A) 12.59 B) 11.45 C) 16.00 D) 14.67

Question 2

Plymouth Fountains Inc. has issued 30-year semiannual coupon bonds with a face value of 1,000. If the annual coupon rate is 6 and the current yield to maturity is 7, what is the firm's current price per bond?
 
  A) 875.28
  B) 1,000.00
  C) 934.34
  D) 466.79
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
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.
Answer Preview
Only 45% of students answer this correctly


ericka1

  • Member
  • Posts: 544
Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

cell line selection cell line selection
Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu
An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ... An upward-sloping spark line usually indicates a mechanical engine problem or a lean air–fuel ...
Two radio antennas are 130 m apart on a north-south line. The two antennas radiate in phase at ... Two radio antennas are 130 m apart on a north-south line. The two antennas radiate in phase at ...
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library