Answer:
After tax cost of debt is 7.69%
Explanation:
The after tax cost of debt can be computed by first of all determining the pre-tax cost of debt .
The pre-tax of debt is the yield to maturity computed using the rate formula in excel as follows:
=rate(nper,pmt.-pv,fv)
nper is the number of times the bond would pay coupon interest over the entire bond life ,which is 15 years multiplied by 2=30
pmt is the semi-annual interest which is $1000*8.9%/2=$44.5
pv is the current price of the bond at $962
fv is the face value of the bond at $1000
=rate(30,44.5,-962,1000)=4.69%
this is the semi-annul yield ,annual yield is 9.38%
The 9.38% is the pretax
after tax cost of debt=9.38%*(1-0.18)=7.69%
0.18 is the 18% tax rate
In the rooms because that is where the amenities are located ie the bed comfort, the TV, the view, the room size and then the leaning services and the room service (for food from the restaurants)
Answer:
D) declaring victory too soon
Explanation:
John Kotter in this theory of leadership explains the concept and importance of change. He basically believes that the company shall be currently functional.
By the term currently functional he means that the company shall be updated and working on with the current market trend. This means the company shall not be resistant to change and that the management shall take a note of it.
Further in the moving scenario there is no freezing point - the company shall constantly work on the new things which it can improve and excel.
Thus, final confirmation cannot be made soon as towards the change made.
