39 Teddy Toys Ltd is examining its mix of short-term and longterm finance. The relative costs of...
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39 Teddy Toys Ltd is examining its mix of short-term and longterm finance. The relative costs of each are as follows:
a Calculate the total annual financing cost for the firm, given the current financing mix.
b Calculate the revised annual finance cost for the firm assuming that:
i $4 000 of short-term funds were converted to long-term ii $4 000 of short-term funds were converted to long-term
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Related Book For
Fundamentals Of Finance
ISBN: 9780994132529
4th Edition
Authors: Andrea Bennett, Jenny Parry, Carolyn Wirth
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