Avicorp has a $15.5 million debt issue outstanding, with a 6.3% coupon rate. the debt has semi-annual coupons, the next coupon is due in six months, and the debt matures in five years. it is currently priced at 92% of par value. a. what is avicorp's pre-tax cost of debt? note: compute the effective annual return. (another note: the pre-tax cost of debt is the yield to maturity (ytm) on the outstanding debt issue. we solve for the 6-month ytm on the bond: (this is what i have so not sure how they got $920 here: ) ** $920 = (31.50/(1+ytm)) + (31.50/(1+ytm)^2)) + (31.50/(1+ytm)^9)) + (31.50 + 1,000)/(1+ytm)^10) therefore, ytm = 4.1434% then compute the effective annual return (ear) as: ear = (1 + 0.041434)^2 -1 = 0.084585 the pre-tax cost of debt is 4.1434% every 6 months, or 8.4585% per year. b. if avicorp faces a 40% tax rate, what is its after-tax cost of debt? after-tax cost of debt = ear x (1-tc) where tc is avicorp's tax rate. then, after- tax cost of debt = 0.084585 x (1-0.4) = 0.050751 if avicorps faces a 40% tax rate, the after-tax cost of debt is 5.0751%.

According to this excerpt, a key part of our national security strategy is

Read the overview below and complete the activities that follow.apartment complexes often look for ways to recruit new tenants and retain current tenants. although apartment complexes offer the tangible benefit of shelter to their tenants, many apartment complexes also offer additional services to tenants to encourage tenants to stay or to support the rent prices. the following scenario identifies the several service gaps of a company that runs an apartment complex as well as solutions for reducing these service gaps.concept review: customers have certain expectations about how a service should be delivered. a service gap occurs when the delivery of a service fails to meet customer expectations. there are four types of service gaps: knowledge gap, standards gap, delivery gap, and the communications gap. it is important for marketers to identify these gaps and develop strategies for minimizing them.match the example or solution to the appropriate service gap category.1. wait for repairs 5. train employees well2. understand expectations 6. incentives for tenants3. do not overpromise 7. family movie night4. empower employees 8. delayed lawn careservice gap example solutionknowledge gap standards gap delivery gap communication gap

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?