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FIN3702 ASSIGNMENT 1 SEMESTER 2 2024 Which of the following is appropriate collateral for a loan secured under a oating inventory lien? 1. Cars 2. Paper clips 3. Drill presses 4. File cabinets A rm has issued R2 million worth of commercial paper

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FIN3702 ASSIGNMENT 1 SEMESTER 2 2024 Which of the following is appropriate collateral for a loan secured under a oating inventory lien? 1. Cars 2. Paper clips 3. Drill presses 4. File cabinets A rm has issued R2 million worth of commercial paper that has a 90-day maturity and sells for R1 950 000. The approximate annual interest rate on the issue of commercial paper is … (assume 365 days in a year). 1. 5% 2. 11% 3. 21% 4. 23%

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Institution
University Of South Africa (Unisa)
Course
Working Capital Management (FIN3702)









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Lawrence J. Gitman, Michael D. Joehnk, George E. Pinches Managerial Finance
  • 1985
  • 9789282821336
  • Unknown

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Institution
University of South Africa (Unisa)
Course
Working Capital Management (FIN3702)
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Number of pages
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2024/2025
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  • fin3702 assignment 1 semester 2 202

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BMZ ACADEMY




BMZ ACADEMY




@061 262 1185/068 053 8213



BMZ ACADEMY 061 262 1185/068 053 8213

, FIN3702-24-S2  Welcome Message  Assessment 1

QUIZ




Started on Tuesday, 13 August 2024, 5:02 PM
State Finished
Completed on Tuesday, 13 August 2024, 5:10 PM
Time taken 7 mins 23 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00


Question 1
Correct

Mark 1.00 out of 1.00




Which of the following is appropriate collateral for a loan secured under a floating
inventory lien?


1.
Cars



2.
Paper clips 



3. Drill presses

4. File cabinets




Your answer is correct.

The correct answer is:


Paper clips

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