Business, 25.11.2021 14:00 randallmatthew6124
In last year's financial statements Driver Enterprises reported 10 years of future lease obligations averaging $200 per year. In its current financial statements the company again reported 10 years of future lease obligations averaging $200 per year. Last year the firm's cost of debt was 4% and this year it is 6%. By how much did the balance sheet value of the lease obligations change due to the increase in interest rates
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In last year's financial statements Driver Enterprises reported 10 years of future lease obligations...
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