What is the price of a 6% coupon bond with 30 years left to maturity and a market interest rate of of 8.25%? is this discount or a premium bond? (hint: interest payments are semi-annual and fair value is $1000) please draw a time line and use a finan..
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You have just been hired as a financial analyst for Basel Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for..
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Evander, an officer in the Marine Corps, was appointed commanding officer of the Marine training base in Beaufort, S.C. As is customary in connection with changes in command, he hosts a party at his home for officers and guests the night before he as..
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The Robinson Corporation has $42 million of bonds outstanding that were issued at a coupon rate of 12.450 percent seven years ago. Interest rates have fallen to 11.450 percent. Mr. Brooks, the Vice-President of Finance, does not expect rates to fall ..
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The Dry Dock is considering a project with an initial cost of $118,400. The project’s cash inflows for years 1 through 3 are $37,200, $54,600, and $46,900, respectively. What is the IRR of this project?
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You are given the opportunity to borrow $10,000 for 36 months at 12% ANNUAL interest with two repayment options: Pay interest only (no principal) at the end of each month with full repayment of principal (the amount borrowed) at the end of the 36 mon..
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Copper Mountain Mining needs $12 million to finance the acquisition of mineral rights to some land in south central New Mexico and to pay for some extensive surveys, core-borings, magnetic aerial surveys, and other types of analyses designed to deter..
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In October 2012, the average house price in the United States was $221,300. In October 2004, the average price was 286,300. What was the annual change in the average selling price?
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This Discussion focuses on mass communications, advertising, sales promotions, and public relations. Select one article that applies to mass communications, advertising, sales promotions, or public relations. Keep in mind, when responding to each uni..
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Russell Container Corporation has a $1,000 par value bond outstanding with 20 years to maturity. The bond carries an annual interest payment of $126 and is currently selling for $980 per bond. Russell Corp. is in a 30 percent tax bracket. Make the ap..
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You purchase a bond with an invoice price of $1,140. The bond has a coupon rate of 10.8 percent, semiannual coupons, a $1,000 par value, and there are five months to the next coupon date. What is the clean price of the bond?
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BetterPie Industries has 3 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 10,000 bonds. Assume the common shares are selling for $48 per share, the preferred shares are selling for $25.50 per share, a..
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