Legacy enterprises received invoice from its supplier the


Legacy Enterprises received an invoice from its supplier. The terms of credit were stated as 3/15, n45. Calculate the effective annual interest rate on the trade credit.

Using the spread between the 90-day Tbill rate and a 10 year government bond over the past 24 months, calculate the yield curve.

 

Incite Co. has a 38 percent tax rate. Its total interest payment for the year just ended was $42.8 million. What is the interest tax shield?

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Financial Management: Legacy enterprises received invoice from its supplier the
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