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There are at least three major areas that affect financial decisions. These are:
• Life situations such as income, age, household size, and health
• Personal values
• Economic factors such as prices, interest rates, and employment opportunities
The major elements of financial planning are obtaining resources, planning, saving, borrowing, spending, managing risk, investing, and retirement and estate planning.
• What are some of the social and economic factors that have increased the importance of personal financial planning today? Give an example.
Green Backs Bank wishes to take a position in Treasury bond futures contracts, which currently have a quote of 96-240. Green Backs thinks interest rates will go down over the period of investment. Should the bank go long or short on the futures contr..
Dan is going to buy a 19-year bond that pays a coupon rate of 11.56% per year, and has a $1,000 par value. The bond currently priced at $1,326.92? What is the yield to maturity of this bond? Assume annual coupon payments.
Tyler Trucks stock has an annual return mean and standard deviation of 9 percent and 28 percent, respectively. Michael Moped Manufacturing stock has an annual return mean and standard deviation of 20 percent and 64 percent, respectively. Your portfol..
Fleet skills test can be accomplished on a driving range or in actual traffic conditions. Give at least one advantage and one disadvantage of each testing environment.
Suppose an agribusiness in Texas exports its crops. It expects an 18 million peso invoice for an export to Mexico to be paid in 90 days. The current spot and 90-day forward rates are $0.7502/Peso and $0.7422/Peso respectively.
Boyd Company sold a futures contract (one) on Treasury bonds that specified a price of 93-00. When the position was closed out, the price of the Treasury bond futures contract was 94-20. Did interest rates increase or decrease? How do you know? What ..
Two years after the bonds were issued, the going rate of interest on similar bonds fell to 8 percent. At what price would the bonds sell and If you bought the bond on the issue date at the issue price and expected to hold it until it matures on Dec..
Over the coming year Ragwort’s stock price will halve to $50 from its current level of $100 or it will rise to $200. The one-year interest rate is 10%. What is the delta of a one-year call option on Ragwort stock with an exercise price of $100?
Compare and contrast the differences between US Government securities and corporate bonds.
Meyer Inc. has taxable income (Earnings before taxes) of $300,000. Calculate Meyer's federal income tax liability using the tax table. What are the firm's average and marginal tax rates?
Rocket City Space Camp has annual credit sales of $16 million. The average collection period is 35 days. What is the average investment in accounts receivable as shown on the balance sheet? A. $646,000 B. $824,000 C. $1,408,888 D. $1,534,247 E. $1,69..
You are a banker considering the issuance of a guaranteed note with stock index participation for a client. The current yield curve is flat at 4 percent for all maturities. Your supervisor asks you to compute the “fair” participation rate that would ..
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