Mgmt 200 Spring 2010 Homework 6 Solution

Mgmt 200 Spring 2010 Homework 6 Solution - LAST NAME: _...

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LAST NAME: _____________ FIRST NAME______________PUID_________________ Please write your name in BLOCK letters and in the format: Last name, First name. Management 200 – Introductory Financial Accounting– Spring 2010 Krannert School of Management - Purdue University Homework 6 – due Wednesday, April 14, 2010 - SOLUTION (Originally listed on schedule as due Friday, April 9 but has been extended) IMPORTANT: This homework must be turned in on this sheet of pages (please staple). It is preferred that you print it out two-sided if at all possible. Assignments not completed on this form will not be graded. The grade for this assignment will be based on the correctness of a partial portion of the assignment – the full assignment will not be graded. Please print your name and PUID clearly and legibly in the spaces above. Forlorn Industries is looking at four alternative financing arrangements to raise $1,000,000 for a ten-year term on January 1, 2010. The four alternatives are: 1. Borrow the money from West South Bank. The loan would have a face value of $1,000,000 and would have an interest rate of 9%. Interest would be paid annually on December 31 each year. This loan is an interest-only loan and no principal would be repaid until maturity. 2.
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This note was uploaded on 05/25/2010 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue University-West Lafayette.

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Mgmt 200 Spring 2010 Homework 6 Solution - LAST NAME: _...

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