The Missouri River Pendant Company uses commercial paper to satisfy part of its short-term
financing requirements.
Next week, it intends to sell $18 million in 90-day maturity paper on
which it expects to have to pay discounted interest at an annual rate of 7 percent per annum. In
addition, Stoney River expects to incur a cost of approximately $25,000 in dealer placement fees
and other expenses of issuing the paper. What is the effective annual cost of credit to Missouri
River?
A) 7.3% B) 7.1% C) 7.5% D) 7.7%
D
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An appliance manufacturer offers a $50 payment to salespeople who work at J&J Appliance Inc., a retailer, for each sale of the company's new line of refrigerators. This payment by J&J Appliance is known as
A. a spiff. B. pull money. C. a slotting fee. D. a bonus pack. E. a mnemonic.
As a general rule, contract duties can be delegated
a. True b. False Indicate whether the statement is true or false
International markets are important to small and midsize companies as well as large multinational corporations.
Answer the following statement true (T) or false (F)
________ are data streams transmitted using specific protocols that are available for immediate playback on the recipient's computer
A) Direct connect B) Parallel data rendering C) Streaming media D) Stream ciphers E) Digital data