What is a credit spread? a. the difference between the net worth of a borrower and the amount of the loan the borrower would like to secure. b. the difference between a borrower's credit score and the score of the most credit-worthy borrower. c. the difference between interest rates on loans to households and businesses and interest rates on completely safe assets such as u. s. treasury bonds. d. the difference between the interest rate on corporate bonds with different maturities.

In business, what would be the input, conversion and output of operating a summer band camp

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?