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FIN3702 Assignment 1 Semester 2 2024 (355803)- DUE 6 September 2024

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Course Working Capital Management (FIN3702)
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QUESTIONS WITH ANSWERS FIN3702 Assignment 1 Semester 2 2024 (355803)- DUE 6 September 2024

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[Date]




FIN3702 Assignment 1
Semester 2 2024
(355803)- DUE 6
September 2024
QUESTIONS WITH COMPLETE ANSWERS

, 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

Lenders recognize that by having an interest in collateral they can reduce losses if
the borrowing fi rm defaults, …

1. and the presence of collateral reduces the risk of default.

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