PERSONAL FINANCE
8th Edition
ISBN: 9780134730981
Author: KEOWN
Publisher: PEARSON
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Chapter 15, Problem 4DC1
Summary Introduction
To determine:
The
Introduction:
Future value is the value of an amount invested today receives in future. For example invested $1 today and the amount receive after 30 years is the future value of this $1. The discounted rate is use while calculating the future value of an investment.
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image is blurr please comment i will write values then solve.Please don't solve i mistakely posted blurr image.
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image is blurr please comment i will write values then solve.Please don't solve i mistakely posted blurr image.
i will give unhelpful if answer is incorrect..
You are thinking of inving in Tikki's
Torches, Inc. You have only the following
information on the at year-end 2008:
Net income0.000
Total debt
12.2 million
Debt ratio 42%
What is Tikki's ROE for 2008?
a. 1.79%
b. 10.14%
c. 3.09%
d. 4.26%
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