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One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $500 per month. You will charge 1.30 percent per month interest on the overdue balance.
If the current balance is $12,000, how long will it take for the account to be paid off? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Months for account to be paid off _______months
Compute Bond Price Compute the price of a 3.8 percent coupon bond with 15 years left to maturity and a market interest rate of 6.8 percent. (Assume interest payments are semiannual.) Is this a discount or premium bond?
______ are dollar denominated claims issued by U.S. banks representing ownership of shares of a foreign company’s stock held on deposit by the U.S. bank in the issuing firm’s home country.
Traders Inc Has $15,000 to invest in an equity portfolio. Your choices are XYZ Stock with an expected return of 14% and Stock ABC with an expected return of 8%. Assume your goal is to create a portfolio with an expected return of 11.55%. How much mon..
You purchased 3,000 shares in the New Pacific Growth Fund on January 2, 2010, at an offering price of $63.10 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 1 percent. what is your to..
You expect KT industries (KTI) will have earnings per share of $3 this year and expect that they will pay out $1.50 of these earnings to shareholders in the form of a dividend. KTI's return 2 on new investments is 15% and their equity cost of capital..
Jenkins Security has learned that a rival has offered to supply a parking garage with security of ten years for $40,000 up front and a further $20,000 per year. Different division with differing line of business use different costs of capital becaus..
Constant Growth Valuation Woidtke Manufacturing's stock currently sells for $33 a share. The stock just paid a dividend of $3.50 a share (i.e., D0 = $3.50), and the dividend is expected to grow forever at a constant rate of 6% a year. What stock pric..
Halliford Corporation expects to have earnings this coming year of $3/share. Halliford plans to retain all of its earnings for the next two years. Then, for the subsequent two years, the firm will retain 50% of its earnings. It will retain 20% of its..
GTB, Inc., has a 20 percent tax rate and has $53.00 million in assets, currently financed entirely with equity. Equity is worth $5 per share, and book value of equity is equal to market value of equity. The firm is considering switching to a 20-perce..
An electric utility is considering a new power plant in northern Arizona. Power from the plant would be sold in the Phoenix area, where it is badly needed. Because the firm has received a permit, the plant would be legal; but it would cause some air ..
You bought 1,000 shares of Costco (COST) on margin at $60 per share. Your initial margin was 75% and your maintenance margin is 50%. You borrowed at the 9 percent call money rate. You sell Costco (COST) 4 months later for $63. Calculate the dollar am..
A machine will reach the end of its useful life in year 5. The realizable salvage value is expected to be $50,000 with a book value of zero. The company's marginal tax rate is 34%. What is the tax implication on the sale of the new machine at year 5?
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