You have a marginal tax rate of 31 percent and an average tax rate of 28 percent. Municipal bonds in your area are yielding 3.6 percent. What is your equivalent taxable yield?
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Snort and Smiley incorporated has a debt ratio of .42, noncurrent liabilities of 20,000, total asset of 70,000. What is snort and smiley's level of current liabilities? The answer is 9,400. I need the work to get to this answer.
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Mark, wrote a contract with Dave in 1760. He delivered 17 cows to Dave in 1770, and in return Dave paid him 20 cows in 1862 and 14 cows in 1879. What is Mark's rate of return on this arrangement?
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Shaggy owns a record shop. He sells classic, vintage vinyl records to the public mostly to collectors. Most of Shaggy’s inventory is just old album collections he picks up for bargain prices at estate sales. Discuss these issues: Is the album a capit..
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You purchase 6,500 bonds with a par value of $1,000 for $981 each. The bonds have a coupon rate of 10.4 percent paid semiannually, and mature in 10 years. How much will you receive on the next coupon date? How much will you receive when the bonds mat..
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Lufthansa Airlines, headquartered in Cologne, Germany, needs US$13,500,000 for two years to finance working capital. Borrow €10,000,000 in Cologne at 3.00% per annum, and exchange these euro at the present exchange rate of $1.35/€ for U.S. dollars. A..
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You want to have $3 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 10 percent and the inflation rate is 4 percent. What real amount must you deposit each year to achieve your goal?
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Johnson, Inc. has just ended the calendar year making a sale in the amount of $10,000 of merchandise purchased during the year at a total cost of $7,000. Al- though the firm paid in full for the merchandise during the year, it has yet to collect a..
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Cost of Common Equity with and without Flotation The Evanec Company's next expected dividend, D1, is $2.71; its growth rate is 5%; and its common stock now sells for $37. New stock (external equity) can be sold to net $33.30 per share. What is Evanec..
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An investor has two bonds in his portfolio that both have a face value of $1,000 and pay a 9% annual coupon. Bond L matures in 17 years, while Bond S matures in 1 year. What will the value of the Bond L be if the going interest rate is 6%? Round your..
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During 2014, Raines Umbrella Corp. had sales of $720,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $500,000, $90,000, and $85,000, respectively. What is Raines’s net income for 2014? What is the company'..
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Mrs. Wilson enters into a contract to buy an automobile for $20,000 from Z Co., a dealer. Mrs. Wilson subsequently backs out of the contract. Z Co. then sells the vehicle to Mr. Thompson for $19,000. Z Co. sues Mrs. Wilson for breach of contract. The..
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