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FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (355803)- DUE 6 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. R45,45   Add to cart

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FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (355803)- DUE 6 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.

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FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (355803)- DUE 6 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.

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  • August 14, 2024
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FIN3702 Assignment
1 (COMPLETE
ANSWERS) Semester 2
2024 (355803)- DUE 6
September 2024 ;
100% TRUSTED
Complete, trusted
solutions and
explanations




ADMIN
[COMPANY NAME]

, FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester
2 2024 (355803)- DUE 6 September 2024 ; 100% TRUSTED
Complete, trusted solutions and explanations.
Question 1 Not yet answered Marked out of 1.00 Question 2 Not
yet answered Marked out of 1.00 QUIZ Which of the following
is appropriate collateral for a loan secured under a fl oating
inventory lien? 1. Cars 2. Paper clips 3. Drill presses 4. File
cabinets A fi rm has issued R2 million worth of commercial
paper that has a 90-day maturity and sells for R1 950 000. The
approximateannual interest rate on the issue of commercial
paper is … (assume 365 days in a year). 1. 5% 2. 11% 3. 21% 4.
23% Question 3 Not yet answered Marked out of 1.00 Question
4 Not yet answered Marked out of 1.00 Question 5 Not yet
answered Marked out of 1.00 Lenders recognize that by having
an interest in collateral they can reduce losses if the borrowing fi
rm defaults, … 1. and the presence of collateral reduces the risk
of default. 2. but the presence of collateral has no impact on the
risk of default. 3. therefore, lenders prefer to lend to customers
from whom they are able to require collateral. 4. therefore,
lenders will impose a higher interest rate on unsecured short-
term borrowing. A Taijikwan Mining fi rm borrowed R100,000
for one year under a revolving credit agreement that authorized
and guaranteedthe fi rm access to R200,000. The revolving
credit agreement had a stated interest rate of 7.5% and charged
the fi rm a 1%commitment fee on the unused portion of the
agreement. Based on this information, the effective annual
interest rate on theloan was … 1. 7.5% 2. 8.0% 3. 8.5% 4. 9.0%
The major type of loan made by banks to businesses is the … 1.

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