Calculate emc value of operations
EMC Corporation has never paid a dividend. Its current free cash flow of $400,000 is expected to grow at a constant rate of 5%. The weighted average cost of capital is WACC = 12%. Calculate EMC's value of operations.
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Sophia's credit card has an APR of 20.87%, and it just changed its compounding period from monthly to daily. What will happen to the effective interest rate charged to Sophia?
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