Answer:
a. Annual Interest tax shield = Debt * Interest * Tax Rate
Annual Interest tax shield = $35 million *9% *30%
Annual Interest tax shield = $0.945 million
b. PV of tax shield = $35 million *9% *30% / 9%
PV of tax shield = $10.50 million
c. PV of tax shield at 7% = 35million *7% *30% / 7%
PV of tax shield at 7% = $10.50 million
Answer:
Net Asset value (NAV)
Explanation:
Net Asset value (NAV) represent per share market value of the fund.It is calculated using the below formula
Net Asset value of fund=Value of mutual fund's portfolio-Mutual fund liabilities/Number of share outstanding.
Mutual fund portfolio normally includes all the cash and securities of a fund.
NAV is normally computed at the end of the end of each trading day based on the closing market prices of the fund portfolio.
Answer:
The correct answer is: 10 years.
Explanation:
Almost after ten (10) years after World War II (WWII) ended, the American Federation of Labor (<em>AFL</em>) and the Congress of Industrial Organizations (<em>CIO</em>) joined forces in 1955 under union leader John L. Lewis command. This was mainly caused because of the increase in the number of unions by that year that included law enforcement officials, health care employees, and postal office workers.
Answer:
In that situation, the demand of the Milk tea will fall.
Explanation:
In businesses subtitles are the type of products that serve a similar purpose but generally less favorable. You use substitutes as a second product when you somehow cannot use the first/main product.
In the example above,
Let's say that Coffee is people's favorite beverages. They like it better than milk tea. But, if they don't have enough money to buy their favorite coffee, they sometimes have to exchange it and settle with milk tea.
When weather increases the harvest of the coffee bean crop, the price of coffee will most likely fall down due to the abundance in resource.
When this happen, there will be lesser people who use the substitute product. in the end, the demand for the milk tea will fall.
Answer:
Correct Answer:
C) issuance of a stock certificate
Explanation:
In the model developed by group working for NASAA which was to disclose model fee and cost involved in doing business with them, it would disclose all associated cost involved. <em>The only thing it would not disclose would be regards to stock certificate issuance since it falls outside their perview.</em>
