Three members of Ahmad's family work at BioTechno, a multi-national drug manufacturer. Each of them owns 5% shares of the company respectively. In fact, most of the employees of BioTechno, like Ahmad and his family members, are stockholders of the company. BioTechno can be regarded as a .

Public or Private company!

Explanation:

I don't know exactly what you're asking for here, but I believe the blank could be a private company.

If most (or only) Ahmad's family owns stocks of this company it would have to be a private company because a small group of people is the stockholders. But let us just say Ahmad's family is super-rich and they invested in BioTechno, which is a mid-cap stock. They own around 40% of the stocks, but a lot of others also own this stock. In that scenario, it would be a public company!

5.52%

Explanation:

Cost of Furniture= $150,000

discount= 5.25% (120-day note)

To get the exporter's true effective annual financing cost, we have:

=(150,000/147,375) 365/120-1 = 5.52%

Therefore, the exporter's true effective annual financing cost is 5.52%