Compute the after-tax interest expense for a firm with Interest on Excess Cash = $5,000, Interest on Debt = $8,000, and a tax rate of 30%
A) $2,100
B) $2,200
C) $2,500
D) $2,700
Answer: A
Business
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Which of the following prohibits discriminatory loan practices on the part of financial institutions?
a. Civil Rights Act of 1968 b. Housing Financial Discrimination Act of 1977 c. Equal Credit Opportunity Act d. Truth-in-Lending Act
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Assume S = $42, K = 45, div = 0, r = 0.04, ? = 0.48, and 80 days until expiration. What is the premium on a knock-out put option with a down-and-out barrier of $44?
A) $2.13 B) $3.13 C) $3.47 D) $4.07
Business