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 162 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
Wow, this really help

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ... Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ...
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 ...
Write the equation in general form of the line passing through the point Write the equation in general form of the line passing through the point
How to solve a linear algebraic bank interest problem with two unknowns How to solve a linear algebraic bank interest problem with two unknowns
Finding the equation of a line Finding the equation of a line
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library