40) can you please help with this question? You are working as a treasurer for a Toronto-based long-term healthcare company. Your company has $100,000,000 of excess cash and you notice that,on Dec 1, 2021 the overnight money market financing rate is 0.2063%. If you consider depositing your company's excess cash ($100,000,000) for 28consecutive days in this overnight rate, calculate the after-tax interest income assuming that the tax rate on interest income is 40%. Also, assume thatthere is no transaction cost (Do not use the $ sign. If your answer is $123,456.78, enter 123456.78).Numeric Response

Given information: Excess cash : $100,000,000 Overnight rate : 0.2063% Days amount is deposited : 28…

Answered: You are working as a treasurer for a…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 36P

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Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?
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