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Lucky Lenders, Inc., has current liabilities of $200 million, long-term debt of $110 million, current assets of $322 million, fixed assets of $619 million, and total equity of $631 million.The market value of the firm's current assets is $330 million, and the market value of its fixed assets is $645 million. The market value of its current liabilities is $200 million, and the market value of its long-term debt is $110 million, The firm's tax rate is 30%, and it pays 6% interest on its long term debt. The company has 10 million common shares outstanding that trade at $22 per share. There's no preferred stoc, and net income available to common shareholders was $15 million.
Calculate Lucky Lender's, Inc.'s, Debt ratio, Debt to equity ratio, and Price-earnings (PE) ratio. Show your work.
Aquitaine Corporation has borrowed $1.35 million from a bank with the understanding that it will pay $60,000 a month, until the loan is paid off. The bank will charge 6% per annum interest on the unpaid balance, calculated monthly. How long will it t..
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Investment banking has changed dramatically. Some key players either went bankrupt or were bought out. The remaining two investment banks had to apply to become bank holding companies. However, the industry experienced something of a comeback. Goldma..
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You buy a call with a strike price of $60 on a stock that you have shorted at $60 (this is a "protective" call). The call premium is $2.80. a. What is the expiration net profit if the stock price ends at $0,$30,$60,$70, and $1000? b. What is the maxi..
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Ms. JL is a successful attorney in the 39.6 percent marginal tax bracket. During the past several years, she provided legal services to her great uncle, who is 78 years old and in failing health. What tax planning objective may Ms. JL have accomplish..
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