The answer from given choice is "C", "Payday Lender" is not a type
of bank.<span>
Payday lender involve the basic loan procedure where a lender
is providing a short-term loan which
has to be paid back when the borrower's next payday come, that is a
simple loan process which has nothing to do with a bank.</span>
Answer:
Po = $120
D = 8% x $100 = $8
Kp = D/Po
Kp = 8/120
Kp = 0.0667 = 6.67%
Explanation:
The question requires the computation of cost of preferred stock. In this case, we will calculate the current dividend paid based on the par value of the stock. Then, we need to divide the current dividend paid by the current market price of the stock. This gives cost of preferred stock.
Answer: 6%
Explanation:
The annual payments can be considered to be annuity payments as they are constant. The amount borrowed can be considered the present value of the annuity.
Present value of annuity = Annuity * Present value interest factor of annuity, 8 years, %?
178,960 = 28,819 * Annuity factor
Annuity factor = 178,960 / 28,819
= 6.20979
To find out the interest rate, look at the Present Value of Annuity table and go to the 8 period column. Look for 6.20979. The interest rate that intersects with this factor is the interest rate implicit in this agreement.
That rate is 6%.
A. they can all become common
10 cents is more valuable than finding a dollar i think because of the connection with hardworking , rather earn something than find because are luck isn’t always trusted
