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 154 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

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Goblet cells that line the intestine Goblet cells that line the intestine
Some Ford metal line connections use springlocks and O-rings. Some Ford metal line connections use springlocks and O-rings.
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
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. ...
Life Table for an Annual Plant Cohort Life Table for an Annual Plant Cohort
Time Line for Life’s Origin and Evolution Time Line for Life’s Origin and Evolution
Video: Calvin cycle (The light-independent reactions )

For a complete list of videos, visit our video library