Legacy Enterprises received an invoice from its supplier. The terms of credit were stated as 3/15, n45. Calculate the effective annual interest rate on the trade credit.
Using the spread between the 90-day Tbill rate and a 10 year government bond over the past 24 months, calculate the yield curve.
Incite Co. has a 38 percent tax rate. Its total interest payment for the year just ended was $42.8 million. What is the interest tax shield?