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Suzy has received $5000 in inheritance and would like to increase her asset by visiting the great city of Biloxi. Her favorite game is craps, and two of her favorite casinos offer different betting options. Casino 1 offers a $10 minimum bet, $25 maximum bet and Casino 2 offers a $25 minimum bet, $100 maximum bet. To simplify things, she will play only the minimum or maximum and she will bet one hand at a time. If the roll falls on 'nothing happens', she will play the hand again without increasing her bet until she either wins or loses. She wants you to determine which casino she should use and whether she should bet the minimum or maximum. Don't pass line a) 2 or 3=win(quadruple your bet) b) 4 through 11=lose your bet c) 12=nothing happens Using a Matlab program, run a simulation to show which option will give her the best probability to increase her asset to $6000 or more.
Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$417,000 –$36,000 1 48,000 19,600 2 58,000 14,100 3 75,000 14,600 4 532,000 11,400 The required return on these investments is 13 percent. What is the payback..
Unlevered beta Harley Motors has $14 million in assets, which were financed with $2.8 million of debt and $11.2 million in equity. Harley's beta is currently 1.65 and its tax rate is 30%. Use the Hamada equation to find Harley's unlevered beta, bU.
You purchased a zero coupon bond one year ago for $171.56. The market interest rate is now 9 percent. If the bond had 20 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compounding.
A bank has interest income to total assets ratio of 5% and has noninterest income of $30 million and total assets of $750 million. What is the bank's asset utilization ratio?
Over the past six years, a stock had annual returns of 3 percent, 11 percent, -8 percent, 6 percent, and 2 percent, respectively. What is the standard deviation of these returns? a. 7.04% b. 6.19% c. 8.38% d. 7.2% e. 12.27%
A firm has stock outstanding with a current price of $25 per share. The price in one period is expected to be either $30 or $35. A call option on ONE share is available with an exercise price of $20. If the risk-free rate of interest is 5%, what woul..
“Financial intermediaries play a crucial role in an economic crisis–they are responsible for both causing the market to crash and then helping it recover from the crisis.” Is this statement true? Discuss with an example.
which has the characteristics of a preferred stock?
Should Microsoft increase growth by acquiring other companies for synergies or grow internally? Do they have the infrastructure to grow internally? If they get acquired by a competitor, how will the merger be integrated in regards to culture, overlap..
The company's cost of capital is 10 percent, and it can get an unlimited amount of capital at that cost. What are the NPVs of both projects? What is the payback period for each? What is the IRR of both projects? Which project would you accept?
We are evaluating a project that costs $1,160,000, has a five-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 87,700 units per year. Price per unit is $34.60,..
Scanlin, Inc., is considering a project that will result in initial aftertax cash savings of $1.77 million at the end of the first year, and these savings will grow at a rate of 1 percent per year indefinitely. What is the maximum initial cost the co..
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