Question: Please answer both will rate 1.You have $5,000 that you want to use to open a savings account. There are five banks located in your

 Please answer both will rate 1.You have $5,000 that you want

Please answer both will rate

1.You have $5,000 that you want to use to open a savings account. There are five banks located in your area. The rates paid by banks A through E, respectively are given below. Which bank would you select if your goal is to maximize your interest income? A. 4.15 % , compounded monthly 4.20 % , compounded quarterly 4.25 % , compounded semi annually 4.28 % , compounded annually 4.10 % , compounded continuously B. C. D. E. 26. Frontier Corp. needs $14 million to build a new assembly line. The firm's target D/E ratio is 1/9. The flotation cost for new equity is 10% and the flotation cost for debt is 5%. What is the true cost of building the new assembly line after taking flotation costs into account? A. 14.74 million B. 14.94 million C. 15.33 million D. 15.47 milliorn E. 15.51 million

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