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Sergio039 [100]
3 years ago
14

A property has a first mortgage of $200,000, a second mortgage of $50,000, and a third mortgage of $20,000. It is foreclosed and

sold for $245,000. The holder of the third mortgage gets $________ and the holder of the second mortgage receives
Business
1 answer:
Papessa [141]3 years ago
4 0
234 with twelve chickens in a row of the other one
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Why did the assembly line make goods less expensive to buy?
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Goods were able to be produced faster and more efficiently.
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George is going shopping for a new car to replace his old one. Which of these costs would be
uranmaximum [27]

The cost that would relevant in the choice of a new car is the the cost to operate the new vehicles.

<h3>What cost would be relevant?</h3>

The cost that would be relevant in the choice of a new car is the cost that is dependent on the type of car chosen. The cost to operate the new car would depend on the type of car chosen. If George buys a more fuel efficient car, the cost of running the car would be cheaper.

To learn more about cost, please check: brainly.com/question/27127934

4 0
2 years ago
The total market value of the equity of ITM is $6 million, and the total value of its debt is $4
timofeeve [1]

Answer:

a. The required rate of return on Okefenokee stock is 16%.

b. WACC = 10.56%.

c. Estimate the discount rate for an expansion of the company's present business.

It should be the same as the WACC = 10.56%

d. The required rate of return on Okefenokee's new venture is Ke = 18 %.

Explanation:

Here the given is,

E = $6 million, D = $4 million, Beta = 1.2,

Rmp = the expected risk premium on the market =10%.

Rf = The Treasury bill rate = 4%

a. The required rate of return on Okefenokee stock,

Ke = Rf + Beta \times Rmp = 4 + 1.2 \times 10 = 16%%.

b. Tax rate, T = 40%

The proportion of debt =Wd = D / (D + E) = 4 / (6 + 4) = 0.4

Proportion of equity, We = 1 - Wd = 1 - 0.4 = 0.6

Cost of debt, Kd = Risk-free rate as debt is free of default = 4%

WACC = Wd \times Kd \times (1 - T) + We\times Ke\\\\ = 0.4 \times4\times (1 - 40) + 0.6 \times 16\\\\ = 10.56%

WACC = 10.56%.

c. Estimate the discount rate for an expansion of the company's present business.

It should be the same as the WACC = 10.56%

d. Suppose the company wants to diversify into the manufacture of rose-colored glasses. The beta of optical manufacturers with no debt outstanding is 1.4. What is the required rate of return on Okefenokee's new venture? (You should assume that the risky project will not enable the firm to issue an additional debt)

Ke = Rf + Beta \times Rmp\\\\Ke     = 4 + 1.4 \times 10 = 18%

Ke = 18 %.

5 0
3 years ago
When there is low competition, firms can use a price strategy to recover research and development costs and make as much profit
aliina [53]

When a market is experiencing low competition, firms can recover research and development costs by using a skimming price strategy.

<h3>What is a skimming price strategy?</h3>

This refers to when companies sell goods at a high price because there isn't much competition.

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7 0
2 years ago
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