Farmer Mac helps Farm and Country Bank maintain enough capital to provide credit loans to the farmers, ranchers, and other rural residents of its community.
<h3>What is Farmer Mac?</h3>
The United States federal government founded the Federal Agricultural Mortgage Corporation, better known as Farmer Mac, as a secondary market for agricultural loans, such as mortgages for agricultural real estate and rural housing, in 1988. Farmer Mac is a stockholder-owned, publicly listed firm. The business buys loans from agricultural lenders and then markets products that are secured by those loans. The business collaborates with the US Department of Agriculture as well.
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Answer:
The correct answer to the following question is option E) 9.06% .
Explanation:
Here the cost of equity given is - 11.8%
Pre tax cost of debt- 6.9%
Tax rate- 35%
So the after tax cost of debt - 6.9% x 65%
= 4.485%
The debt to equity ratio - .6
So the weight of debt - .6 / ( 1 + .06 )
= .375
Weight of equity - 1 / ( 1 + .06 )
= .625
Weighted average cost of capital =
Debts cost x weight of debt + Equity cost x weight of equity
= 4.485 x .375 + 11.8 x .625
= 1.681875 + 7.735
= 9.06%
Answer: True
Explanation:
The Marketing Control Statement is quite beneficial to marketers as it avoids fixed costs and shows them the variable and programmed costs both of which can be controlled. This enables them to know what they need to and can change in a way that they can come up with an optimal marketing mix to ensure profitability.
It is also a very uncomplicated statement to prepare which further ingratiates it to marketers who would like to avoid all the jargon of income statements.
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