KatyDid Clothes has a $120 million (face value) 25-year bond issue selling for 103 percent of par that carries a coupon rate of
1 answer:
Answer:
8.704%
Step-by-step explanation:
The computation of the before cost of debt is as follows
Given that
Future value = $100
Present value = $103
NPER = 25 × 2 = 50
PMT = $100 × 9% ÷ 2 = $4.5
The formula is presented below:
= -RATE(NPER;PMT;PV;FV;TYPE)
After applying the above formula, the rate is 4.3518%
Yearly rate is
= 4.3518% ×2
= 8.704%
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Answer:
Few things are missing, they are volume of the box is 180 feet cube. Length is 9 feet greater than its height, and weight is 4 feet less than its height.
Step-by-step explanation:
Given, the volume of the box, V = 180 feet cube
Let the height of the box, h = x feet
Therefore, length is, l = ( 9+x ) feet
And width is, b = ( x-4) feet
so volume of the box is
V = l x b x h
Factorizing we get
(x+5)(x-6)(x+6)=0
Therefore,
x = -5, -6, 6
Now since the height of the box cannot be negative, so taking the positive value of x, we get
Height of the box, h = x = 6 feet
Length , l = ( 9+x ) = 9+6 = 15 feet
Width , b = ( x-4) = 6-4 = 2 feet