Answer:
Alex is 2 1/4 inches longer than Maddy
Step-by-step explanation:
Alex is longer than Maddy
20 3/4 - 18 1/2
Get a common denominator
20 3/4 - 18 2/4
2 1/4
Alex is 2 1/4 inches longer than Maddy
Maddy is -2 1/4 inches longer than Alex
Answer:
w4riqh3w4uonq3vtnq9358vtv33174
Step-by-step explanation:
Answer:
In the time(x) column add 3 every time (start with 3 in first column). For the steps (y) add 126 every time (start with 126 in first column.
Step-by-step explanation:
Answer:
its A 22%
Step-by-step explanation:
Answer:
Pretax cost of debt is 5.94%
After tax cost of debt is 4.63%
Step-by-step explanation:
The pretax cost of the debt is the yield to maturity on the debt issuance,which can be computed using the rate formula in excel:
=rate(nper,pmt,-pv,fv)
nper is the number of semi-annual interest payments payable by the bond from year 3 onward ,that is the number of years to maturity 12*2=24
pmt is the semi-annual interest payable by the bond issuer which is face value of the bond ,$1000*5%/2=$25
pv is the current price of the bond which 92% of face value i.e 92%*$1000=$920
fv is the face value of the bond at $1000
=rate(24,25,-920,1000)
rate=2.97%
the rate calculated is a semi-annual rate,annual rate =2.97%*2
=5.94%
The pretax cost of debt is 5.94%
After tax cost of debt=pretax cost of debt*(1-t)
t is the tax rate of 22%
after tax cost of debt =5.94%*(1-22%)
=4.63%
