Establishing credit history

Assignment Help Financial Management
Reference no: EM131300064

Establishing credit history. After graduating from college last spring, Alex malloy took a job as a consumer credit analyst at a local bank. From his work reviewing credit applications, he realizes that he should begin establishing his own credit history.Describe for Alex several steps that he should take to begin building a strong credit record.Does the fact that he took out a student loan for his college education help or hurt his credit record?

Reference no: EM131300064

Questions Cloud

Calculate the expected return over the four-year period : Portfolio analysis You have been given the expected return data shown in the first table on three assets—F, G, and H—over the period 2016–2019. Calculate the expected return over the 4-year period for each of the three alternatives. Calculate the sta..
Corporate bond quotes : You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000. Company (Ticker) Coupon Maturity Last Price Last Yield EST $ Vol (000’s..
Offering certificates of deposit yielding : You are saving to buy a $193,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.8 percent. How long will it take your initial $110,000 investment to reach the desired level at First Bank, which pay..
Determine the net proceeds-nn-that firm will actually recive : Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm’s stock is currently selling for $57.50. The firm expects to pay a $3.40 dividend at the end of the year (2016). Determine the growth rate of divide..
Establishing credit history : Establishing credit history. After graduating from college last spring, Alex malloy took a job as a consumer credit analyst at a local bank. From his work reviewing credit applications, he realizes that he should begin establishing his own credit his..
Currently very low compared to historic averages : Interest rates are currently very low compared to historic averages and there doesn't seem to be much pressure for them to move up in the near future. Discuss some of the reasons that interest rates have been so low for the last several years.
Planning on investing in a mutual fund : Kate Eden received a graduation present of $2,000 that she is planning on investing in a mutual fund that earns 8.5 percent each year. How much money can she collect in 3 years? Your bank pays 5 percent interest semiannually on your savings account. ..
Which firm will have a higher standard deviation of returns : Ivan's, Inc. paid $498 in dividends and $594 in interest this past year. Common stock increased by $204 and retained earnings decreased by $130. What is the net income for the year? Suppose two firms are identical in all but their capital structure. ..

Reviews

Write a Review

Financial Management Questions & Answers

  Compute profit of your strategy if put option is traded

The spot price of an asset is $2,500. The European call option on the asset with strike price $2,400 that expires in 6 months is traded at $225. The asset will pay a dividend in 3 months of $200. What should the forward price be and why? Describe the..

  Forecast the overall expected return and standard deviation

The end-of-year stock prices for KFD Corporation for the past six years, and annual dividends per share, are as follows: Calculate the annual returns on KFD Corporation’s stock for the years 2005– 2009. Determine the geometric and arithmetic means fo..

  Retirement to meet your retirement goal

You believe you will spend $40,000 a year for 20 years once you retire in 40 years. If the interest rate is 6% per year, how much must you save each year until retirement to meet your retirement goal?

  These two prices represent the last traded price

Suppose that you saw two stock quotations on Yahoo! Finance one of which was 45.98 and the other was 47.12. Assuming that none of these two prices represent the last traded price or the closing price and that we are currently under standard market co..

  How much will our new proposal cost the taxpayers

Our new project proposal will require roughly 500 hours of total staff time and $1,000 in materials. Our total staff budget is $520,000 for 10 full time equivalents (FTE). How much will our new proposal cost the taxpayers?

  Identical sales and identical operating profit margins

Firms A and B have identical Sales and identical operating profit margins but B has a smaller net profit margin. Which of the following is the most likely explanation?

  Considered the most rational action for tax-paying investor

Which one of these would generally be considered the most rational action for a tax-paying investor?

  What is the price of the stock today

Upper Gullies Corp. just paid a dividend of $2.10 per share. The dividends are expected to grow at 21 percent for the next eight years and then level off to a growth rate of 7 percent indefinitely. If the required return is 14 percent, what is the pr..

  Consider the given brands and discuss the extendability

Consider the following brands, and discuss the extendability of each:- Harley-Davidson, Red Bull, Tommy Hilfiger, Whole Foods, Netflix and U.S. Marines.

  Interpret the value of price elasticity

If a 3 percent increase in price leads to a 5 percent increase in quantity supplied, then. Moving along a demand curve, the quantity demanded decreases 8 percent when price increases 10 percent. Find the arc price elasticity of demand over the price ..

  How many countries is your firm currently doing business in

Provide an overall explanation for your firm, include your financial analysis and the other information above? Is this firm a good long-term or short-term investment, or neither?

  New investment that it plans to finance using one-third debt

The Walgreen Corporation is contemplating a new investment that it plans to finance using one-third debt. The firm can sell new $1000 par value bonds with a 15 year maturity at a price of $950 that carries a coupon interest rate of 13.6 percent that ..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd