You need to choose between making a public offering and arranging a private placement. In each case the issue involves $10 million face value of 10-year debt. The following data is available for each: (ignore taxes) ¬ A public issue : The interest rate on the debt would be 8.5%, and the debt would be issued at face value. The underwriting spread would be 1.5%, and other expenses would be $80,000. ¬ A private placement : The interest rate on the private placement would be 9%, but the total issuing expenses would be only $30,000. 1. What is the difference in the proceeds to the company net of expenses?

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?