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Doss [256]
3 years ago
11

Arabian Beauty Cosmetics borrowed BD 152.300 from the National Bank of Bahrain (NBB) for three years. If the quoted rate (APR) i

s 11.75%, and the compounding is daily, what is the Effective Annual Rate?​
Business
1 answer:
Tju [1.3M]3 years ago
5 0

Answer: 12.47%

Explanation:

First convert the APR to the relevant periodic rate.

The compounding is done daily so the periodic rate is:

= 11.75%/365

Effective Annual rate is calculated by the formula:

= ( 1 + periodic rate)  ^ compounding period per year - 1

= ( 1 + 11.75%/365)³⁶⁵ - 1

= 12.47%

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Read 2 more answers
Net income $160,000 Preferred dividends $10,000 Shares of common stock outstanding 20,000 Market price per share of common stock
Luden [163]

Answer:

The company's earnings per share on common stock is  $7.50

Explanation:

Given data

Net income N = $160,000

Preferred dividends D =  $10,000

common  stock outstanding C = 20,000

Market price P = $35 / share

to find out

earnings per share on common stock is

solution

we will find earning per share that is given by  

Earnings per share = (net income - preferred dividend ) / common  stock outstanding

so now put all these value in this equation we get

Earnings per share =  ( 160,000 - 10,000 ) / 20,000

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4 0
3 years ago
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