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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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eh may be a longshot (finance question)
#26974845 - 10/08/20 02:39 AM (3 years, 3 months ago) |
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I need help with a question on my business finance homework...
anyone skilled in this area?
i keep getting an answer that doesn't match the multiple choice...there is a "none of these" answer but that is usually the wrong answer..
I just want to make sure I get it right because this is the only problem i am having a problem with..
A zero-coupon bond matures in 7 years and sells for $695. If the tax rate is 38% and there is a $9.00 flotation cost, what is the cost of debt? a. 4.958% b. 3.276% c. 2.452% d. 3.383% e. none of the above
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: eh may be a longshot (finance question) [Re: hTx]
#26974851 - 10/08/20 02:47 AM (3 years, 3 months ago) |
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I figured it out.
Its D.
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
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Re: eh may be a longshot (finance question) [Re: hTx]
#26974918 - 10/08/20 04:45 AM (3 years, 3 months ago) |
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B for sure
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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Baby_Hitler
Errorist




Registered: 03/06/02
Posts: 27,587
Loc: To the limit!
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Re: eh may be a longshot (finance question) [Re: Tripsurfer]
#26975037 - 10/08/20 07:40 AM (3 years, 3 months ago) |
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Is it a helicopter?
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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Patlal
You ask too many questions


Registered: 10/09/10
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Loc: Ottawa
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Re: eh may be a longshot (finance question) [Re: Baby_Hitler]
#26975053 - 10/08/20 07:58 AM (3 years, 3 months ago) |
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I studied this shit in university but it's been like 10 years since I graduated and I do not at all remember how to calculate this....
Shame on me.
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hTx
(:



Registered: 03/27/13
Posts: 5,724
Loc: Space-time
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Re: eh may be a longshot (finance question) [Re: Patlal]
#26977875 - 10/10/20 02:22 AM (3 years, 3 months ago) |
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I am tutoring someone who is having a really hard time understanding the material especially the math...its a senior level finance class, very dense information combined with, at times, very tedious math...most of the problems the professor gives are very tough to answer without a very solid understanding of the material because they involve misdirection, multiple steps and/or a rearranging of a formula or three to get the right answer. Even the terms and definitions are worded in such a way that you really have to know your stuff. girl I tutor said it's the hardest class she has ever taken..and she is a senior at a good university pursuing a degree in business, with a 3.8 GPA..she is smart.
I never even took anything close to this class when I was in school..I was asked for help because the chick I am tutoring knows I am good at math and wondered if I could help.
I always wanted to become competent with this business finance stuff so i could learn how to invest proper and start/run a business..so I said yes...not very often you get to basically take a senior level class for free and without prerequisites.
It's a lot of studying but I got this class down and am learning a lot of practical info..I basically learn the material quick as possible so I can break it down in a way she understands.
-------------------- zen by age ten times six hundred lifetimes Light up the darkness.
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