Dr. Ruth is going to borrow $8,400 to help write a book. The loan is for one year and the money can be borrowed at either the prime rate or the LIBOR rate. Assume the prime rate is 8 percent and LIBOR 1.3 percent less. Also assume there will be a $48 transaction fee with LIBOR (this amount must be added to the interest cost with LIBOR).

a. What is the effective interest rate on the LIBOR loan?

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.

Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution