3. sarai sherman agreed to deposit $4,450 in an account paying 16% simple interest per
year for 60 days. if she made the deposit on february 25, determine (a) the date of the
end of the term of the investment, and (b) the ordinary interest sarai will eam. (15
points)

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease