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Date Posted: 16:56:54 02/23/00 Wed
Author: J
Subject: Re: re. corrections to another sample mid-term answers
In reply to: Christina 's message, "re. corrections to another sample mid-term answers" on 16:03:33 02/23/00 Wed

> 18. I do not understand why 6,000 is incorrect

40,000-14,000=26,000 EBIT
26,000-int exp=20,000 EBT
20,000-8,000= 12,000 NI

int exp=6,000

> 19. I need some help
> 21. I had that only c was correct, I don't understand

a is always true due to no taxing on municipals
c could be false because of the abnormal curve that occured in 1970's


> 22. really need help, I think I am setting it up wrong

T-bills interest rate are comprised of k=K*+IP only
you are given that they equal 8%, and IP=5%
therefore 8%=k*+5%
K*=3%

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