1. What is the nature of financing policy
2. Explain repurchase agreements and the role they can play in a firm’s everyday operations.
3. How do I figure out the implicit interest rate of this problem? Agree to a 3 year lease on a car with out-the-door price of $35,222. The car has a residual calue of $22,469 after 3 years. You agree to monthly payments of 504.26. What is the implicit interest rate?