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Subje Note: - You are attempting question 1 out of Bank 1 is offering interest rate of 8.4% (com 2 is offering interest rate of 8.3% (compou invested amount of $15,000 for five years annual rate. What is the accumulated amoun a. $22,683 b. $22,634 c. $22,451 d. $22,982 Answer OA OB Oc OD Submit

Subje Note: - You are attempting question 1 out of Bank 1 is offering interest rate of 8.4% (com 2 is offering interest rate of 8.3% (compou invested amount of $15,000 for five years annual rate. What is the accumulated amoun a. $22,683 b. $22,634 c. $22,451 d. $22,982 Answer OA OB Oc OD Submit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject Test Note: - You are attempting question 1 out of Bank 1 is offering interest rate of 8.4% (compounds semiannually) on fixed deposits. Bank 2 is offering interest rate of 8.3% (compounds monthly) on fixed deposits. An investor invested amount of $15,000 for five years in the bank that is offering highest effective annual rate. What is the accumulated amount at the end of five years? a. $22,683 b. $22,634 c. $22,451 d. $22,982 Answer C D Submit
Transcribed Image Text:Subject Test Note: - You are attempting question 1 out of Bank 1 is offering interest rate of 8.4% (compounds semiannually) on fixed deposits. Bank 2 is offering interest rate of 8.3% (compounds monthly) on fixed deposits. An investor invested amount of $15,000 for five years in the bank that is offering highest effective annual rate. What is the accumulated amount at the end of five years? a. $22,683 b. $22,634 c. $22,451 d. $22,982 Answer C D Submit
Subject Test Note: - You are attempting question 2 out of Using the following information calculate the WACC of Aqua Ltd. The company has 0.3 million shares outstanding at a price of $92 per share. The beta of common stock of is 1.2. The risk-free rate is 5% and the market risk premium is 7%. The company issued 11% preference shares with a total value of $ 25 million. The company issued 9% bonds of $33.6 million. The company pays corporate tax at 40 percent. A. 9.59% B. 9.89% C. 10.99% D. d.8.35% Answer O C OD Submit
Transcribed Image Text:Subject Test Note: - You are attempting question 2 out of Using the following information calculate the WACC of Aqua Ltd. The company has 0.3 million shares outstanding at a price of $92 per share. The beta of common stock of is 1.2. The risk-free rate is 5% and the market risk premium is 7%. The company issued 11% preference shares with a total value of $ 25 million. The company issued 9% bonds of $33.6 million. The company pays corporate tax at 40 percent. A. 9.59% B. 9.89% C. 10.99% D. d.8.35% Answer O C OD Submit
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