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Author Question: Hyper Retail Outlets sell goods on terms of net 40. The store's average monthly sales (all on ... (Read 184 times)

cdr_15

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on: Jul 10, 2018
Hyper Retail Outlets sell goods on terms of net 40. The store's average monthly sales (all on credit)
  are 70,000.
 
  Hyper pledges all of its receivables to the bank, which advances 80 of the face value
  of the receivables at a rate of 2.5 above prime. The bank also charges a 1 processing fee on all
  receivables pledged. Hyper borrows the full amount possible, and the current prime rate is 5.
  What is the annual percentage rate (APR) of using this source of financing for one full year?
  A) 23.5 B) 21.8 C) 22.5 D) 19.1

Question 2

Mammoth Mart's common shares are currently trading for 59.85 and the company paid its annual dividend of 0.60 per share.
 
  If your required rate of return is 12, what is the implied growth rate in dividends? (Assume that dividends are expected to grow at a constant rate in perpetuity.)
  A) 1.00
  B) 8.46
  C) 10.89
  D) 11.00
  E) 11.46
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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isabelt_18

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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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cdr_15

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Reply 2 on: Jul 10, 2018
Excellent

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