Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
(1) Banks provide checking account services, accept savings deposits, and lend to borrowers. In other words, they are in the money business. We all have heard stories of banks or their partner firms “misplacing” or “losing” bags of money. Lending rates are also subject to change periodically. Both of these situations can produce ethical dilemmas or decisions. How would you react to the following scenarios?
(a) You are walking down the street and see a large money bag with “First National Bank” printed on it. The bag is sitting on the sidewalk in front of a local office of First National Bank. You are considering whether to pick up the bag, check its contents, and then try to find the owner. Alternatively, you could pick up the money bag and take it to the local police station or return it directly to the bank itself. What would you do?
(b) You are a loan officer of First National Bank. The owner of a small business has come into the bank today and is requesting an immediate $100,000 loan for which she has appropriate collateral. You also know that the bank is going to reduce its lending interest rate to small businesses next week. You could make the loan now or inform the small business owner that she could get a lower rate if the loan request is delayed. What would you do?
Friendly’s Quick Loans, Inc., offers you $6.00 today but you must repay $7.85 when you get your paycheck in one week (or else). What is the effective annual return Friendly’s earns on this lending business? If you were brave enough to ask, what APR w..
Company has fixed operating cost of $300,000 and variable cost of $50 per unit. If it sells the product for $75 per unit what is the break-even Quantity?
We Do Bankruptcies is a law firm that specializes in providing advice to firms in financial distress. It prospers in recessions when other firms are struggling. Consequently, its beta is negative, −.3. a. If the interest rate on Treasury bills is 6% ..
A stock has a beta of .95, the expected return on the market is 21 percent, and the risk-free rate is 4.00 percent. What must the expected return on this stock be?
On January 1, 2013, Jacob issued $600,000 of 11%, 15-year bonds at a price of 102½. The straight-line method is used to amortize any bond discount or premium and interest is paid semi annually. If all interest has been accounted for properly, what is..
Isaac has analyzed two mutually exclusive projects that have 3-year lives. Project A has an NPV of $81,406, a payback period of 2.48 years, and an AAR of 9.31 percent. Project B has an NPV of $82,909, a payback period of 2.57 years, and an AAR of 9.2..
Mary Anderson bought 250 shares of Dishport stock when it was selling for $50 per share, and she sold the stock for $58 per share six months later. During the time she held the stock, Mary receive two $1 dividend payments from the firm. What was Mary..
Assume that the euro is trading at a spot price of USD/EUR 1.49. Further assume that the premium of an American call (put) option with an exercise price of $1.50 is 1.55 (3.70) cents. Calculate the intrinsic value and the time value of the call and p..
Which of the following actions will best enable a company to raise additional equity capital, other things held constant?
The internal rate of return of a capital investment
Winter snowboard inc. sales are expected to increase 10% in 2014 from$15 million in 2013. Its assets at the end of 2013 were $5 million. The company is at full capacity, so its assets muct grow at the same rate as projected sales. The after- tax prof..
Please show your work. Ms. Ayala will receive $12,000 a year for thr next 20 years from her retirement fund. If a 6% interest rate is applied, what is the current value of her retirement fund? How much would you have to invest today to receive $50,00..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd