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The Florida Investment Fund buys 86 bonds of the Gator Corporation through a broker. The bonds pay 6 percent annual interest. The yield to maturity (market rate of interest) is 8 percent. The bonds have a 20-year maturity. Using an assumption of semiannual interest payments:
a. Compute the price of a bond. (Do not round intermediate calculations and round your answer to 2 decimal places.) Price of the bond $
b. Compute the total value of the 86 bonds. (Do not round intermediate calculations and round your answer to 2 decimal places.) Total value $
Suppose that every time a fund manager trades stock, transaction costs such as commissions and bid–ask spreads amount to 1.9% of the value of the trade. If the portfolio turnover rate is 50%, by how much is the total return of the portfolio reduced b..
You purchase 1,000 shares of Spears Grinders, Inc. stock for $45 per share. A year later, the stock pays a dividend of $1.25 per share, and it sells for $49. Calculate your total dollar return. Calculate your total percentage return.
Describe how each of the activities of financial managers is related to the primary objectives of a corporation or non-profit organization; identify the objectives and be specific.
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In order to fund her retirement, Michele requires a portfolio with an expected return of 0.11 per year over the next 30 years. She has decided to invest in Stocks 1, 2, and 3, with 25 percent in Stock 1, 50 percent in Stock 2, and 25 percent in Stock..
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You want to buy a new sports coupe for $93,500, and the finance office at the dealership has quoted you an APR of 7.5 percent for a 48 month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?
Calculate the firm's market capitalization and then calculate the enterprise value. b) Use the CAPM formula to determine the firm's cost of equity
Calculate the number of shares in issue if the company where to pay the dividend and Calculate the number of shares in issue if the company where to repurchase its shares.
Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government has a record of intervening in the event of a probable bank failure; the government’s larger concern is the negative impact ..
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