If he can earn a 9 percent ear before he retires and a 7


1. Greene sisters has a Dos of 32 days. The company,'s average daily sale are $42000. what is the level of its accounts receivable. Assume there are 365 years in the year

2. Rascal, Inc., has an issue of preferred stock outstanding that pays a $10.1 dividend every year in perpetuity. If this issue currently sells for $87.70 per share, the required return is ___________ percent. Express in percentage without the % sign, and round it to two decimal places, e.g., 13.45.

3. You borrowed $22,000 to buy a car. The interest rate is 9.5% (nominal) per year, compounded monthly, and the loan is for 48 months. How much of the 35th payment is interest?

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Financial Management: If he can earn a 9 percent ear before he retires and a 7
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