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Sandy

Profile picture of Sandy
Active 9 years ago
  • Topics: 12
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Viewing 5 posts - 1 through 5 (of 5 total)
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  • May 31, 2015 at 5:18 pm #251070
    f281fa8a5e603297d350698500e57c1637b7755dc5257426b1dc8cf68a3a4fc7 80Sandy
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    Yes sir, got it! Many thanks!! 🙂

    May 9, 2015 at 1:08 pm #244938
    f281fa8a5e603297d350698500e57c1637b7755dc5257426b1dc8cf68a3a4fc7 80Sandy
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    Also sir, even in Strayer (6/02), the issue costs have not been calculated on the gross amt of finance, and no such note (as in the case of trosoft) has been included. So will I be given full marks if I compute the issue costs on the gross amount of the loan?

    Many thanks!! 😀

    May 9, 2015 at 1:01 pm #244936
    f281fa8a5e603297d350698500e57c1637b7755dc5257426b1dc8cf68a3a4fc7 80Sandy
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    Oh oops. I never knew that the note meant that the issue costs need not be grossed up! Thanks sir.

    Oh alright. So basically, p4 is full of assumptions. So as long as I state what my assumptions are (unless we’ve clearly been told what to do in the question), I will be given full credit, right sir? 🙂

    May 5, 2015 at 11:21 am #244155
    f281fa8a5e603297d350698500e57c1637b7755dc5257426b1dc8cf68a3a4fc7 80Sandy
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    Yes sir, I got that. But shouldn’t wr be doing it this way? 142 x (1 +.085 + 0.0025)/(2 +.022 – 0.003) x 1/3? Why are we diving (0.085 +.0025) by 3 and adding it to 1, and similarly dividing (0.033-0.003) by 3 and adding ut to one?

    May 2, 2015 at 9:12 pm #243706
    f281fa8a5e603297d350698500e57c1637b7755dc5257426b1dc8cf68a3a4fc7 80Sandy
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    Alright sir, will do 🙂

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