FIN3702 Assignment 1
Semester 2 2024
(355803)- DUE 6
September 2024
[Company address]
, FIN3702 Assignment 1 Semester 2 2024 (355803)- DUE 6 September 2024
Question 1
Which of the following is appropriate collateral for a loan secured under a fl oating
inventory lien?
1. Cars
2. Paper clips
3. Drill presses
4. File cabinets
QUESTION 2
A fi rm has issued R2 million worth of commercial paper that has a 90-day maturity and
sells for R1 950 000. The approximateannual interest rate on the issue of commercial
paper is … (assume 365 days in a year).
1. 5%
2. 11%
3. 21%
4. 23%
Question 3
Semester 2 2024
(355803)- DUE 6
September 2024
[Company address]
, FIN3702 Assignment 1 Semester 2 2024 (355803)- DUE 6 September 2024
Question 1
Which of the following is appropriate collateral for a loan secured under a fl oating
inventory lien?
1. Cars
2. Paper clips
3. Drill presses
4. File cabinets
QUESTION 2
A fi rm has issued R2 million worth of commercial paper that has a 90-day maturity and
sells for R1 950 000. The approximateannual interest rate on the issue of commercial
paper is … (assume 365 days in a year).
1. 5%
2. 11%
3. 21%
4. 23%
Question 3