To obtain a VA loan, the borrower is required to provide a
A) certificate of insurance
B) evidence of having received a medal for valor in the military
C) certificate of eligibility
D) proof of residence
Answer: C) certificate of eligibility
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Scooby Snacks Inc is an all equity firm. At the end of the current year, the CFO expects EBIT to be $5M and the same earnings are expected annually in perpetuity. The company is not growing so CAPEX and investments in net working capital are zero
The cost of equity for Scooby Snacks Inc is 14%. Scooby's prime competitor is a company called Shaggy Treats Inc Shaggy Treats is identical to Scooby Snacks in every respect except that Shaggy Treats has $2.5M of long term debt outstanding. What is the value of Shaggy Treats' equity? The corporate tax rate is 30%. A) $22.5M B) $23.0M C) $23.25M D) $25M E) $25.75M
Objects are the elementary particles of an information system
Indicate whether the statement is true or false