what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security number and income Account balances and payment history Account transactions and credit history All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Sallie Mae chooses
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Final Draft Although there are many advantages of possessing credit cards, most Americans should not use them; because they do not use them properly to where they become liable or subject to overwhelming debt, which could damage their credit history. Personal credit card debt has doubled in the past four years and personal bankruptcies are at the highest ever, and still more Americans are spending money that they do not have. Credit cards allow and encourage individuals to buy more than budgeted
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is to choose the 10-year debt so as to reduce the cost of debt. We choose to use 4.66% as the RFR (Rf). ii. Table 2.1 Credit Rating 10-yr US Treasury Spread to Treasury Cost of Debt Consolidated E&P R&M Petrochemicals A+ A+ BBB A4.66% 4.66% 4.66% 4.66% 1.62% 1.60% 1.80% 1.35% 6.28% 6.26% 6.46% 6.01% Midland Energy resource, Inc. 2 Given that the lower the credit rating is, the riskier the business would be in terms of the danger to default. A normally larger risk premium is added on to
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but recommends 6% for OneMBA calculations e. For the cost of debt calculation Joanna used current interest payments which deviates from BEHH, Chapter 10 and class notes as all these stipulate that market yield of government bonds + estimated credit risk spread should be used. f. The use of beta differs between the three in that Joanna used the average beta, chapter 10 advises using published betas and in class we calculated the beta value. g. Redeemable preferred stock not included
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CASE 2: JUAN AND MARIA SANTOS Presentation of the Case: Facility Applied for: P1, 500, 000 Revolving Credit Purpose of Loans: Additional Working Capital Collateral: House and Lot in a subdivision beside Ayala Alabang Appraised Value: Lot sq. meter P 1, 540, 000.00 House P 1, 200, 000.00 Fence/Landscape P 100, 000.00 Total P 2, 840, 000.00 Loan to Security Ratio (LSR) 53% Debt to Burden- For interest only 17% versus 25% guideline Facts of the Cases: * Age(s) Juan- 37 y/o
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Presentation of the Case: Case 2: JUAN AND MARIA SANTOS Facility Applied For: P 1,500,000 Revolving Credit Purpose of Loan: Additional Working Capital Collateral: House and Lot in a subdivision beside Ayala Alabang Appraised Value: Lot 550 sq. meter P 1,540,000.00 House P 1,200,000.00 Fence/Landscape P 100,000.00 Total P 2,840,000.00 Facts of the Case: * Age(s) Juan- 37 years old Maria- 35 years old Son- 7 years old studying in La Salle * Clients are depositors
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11.4 STEPS IN THE OPERATION OF LETTER OF CREDIT Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade. There are basically two types: * Commercial * The commercial letter of credit is the primary payment mechanism for a transaction. * Standby * The standby letter of credit is a secondary payment mechanism. Letters of Credit have certain advantages in foreign trade transactions not only for
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Freedom Avg. 76.3 20.0 Property Rights Avg. 43.6 92.4 Government Spending Avg. 63.9 24.0 Fdm. from Corruption Avg. 40.5 68.6 Monetary Freedom Avg. 73.4 54.3 Labor Freedom Avg. 61.5 Moody’s Credit Rating: Bangladesh's Ba3 sovereign rating reflects our methodological assessment of the country’s limited economic resilience. It balances a medium-sized, though somewhat narrow, supply constrained, and low-income economy, against a track record of steady growth and
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Closing the Gap in Homeownership Rates: How Fannie Mae and Lender-Partners Can Close the Gap Sullivan University MGT 510 Executive Summary This proposal addresses the gap in homeownership rates between whites and minorities. According to the United States Census Bureau, 67.9 percent of the population in the United States are homeowners. However, while 71.8% of Whites are homeowners, only 47.3% of African Americans and 48.2% of Hispanics are homeowners
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Debt Financing Ayivi Koutodjo Business 530 Abiola Fapetu Liberty University Debt financing decision is not a process of couple hours of meeting. It required thorough scrutiny and an effective brainstorming. Managers are, most of time, facing
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