Answer:
have a lower claim on assets than simple debentures
Explanation:
<em>Subordinated debenture have a lower claim on asset than simple debentures.</em>
They are a form of debt or loan without any security and occupy the bottom in the scale of debt repayment.
Subordinated debentures represent an investment with higher risk due to lack of security or backing collateral, but as expected, they come with higher returns when compared to their unsubordinated counterparts.
Answer:
The amount of the last dividend paid by this company was $1.30/share.
Explanation:
Hi, in order to find the last dividend paid by the company, we need to use the following equation.
Where:
Do = Last dividend paid
r = Market rate of return
g = annual growth rate
So, everything should look like this.
Therefore, the last dividend paid by the company was $1.30/Share.
Best of luck
Answer:
$ 39,165.00
Explanation:
the amount expected from customer in one year is the face value of the note receivable plus interest i.e $40,000*105%=$42,000
The interest on discounting is :
$42,000*9%*9/12=$2,835
The amount of cash that Ireland would receive from the Cloverdale Bank is the amount that Cloverdale would on maturity of the note receivable i.e $42,000, less the discount on the note of $2,385
cash received=$42,000-$2,835=$ 39,165.00
Cloverdale would pay $ 39,165.00 on September 2021 to Ireland Corporation
An equilibrium price is where the quantity of goods supplied is equal to the quantity of goods demanded. So if supplies of the said product goes down the equilibrium will go down and the price and demand will be higher.
I think that any bank or incorporated banking institutions involved can become members.
