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Determining ROE to Yield Projected Price to Book ratio
Google recently had a market cap of $409.98 billion, total equity of $87.31 billion, and 336.05 million shares outstanding. At about the same time, the PB of Yahoo and eBay were 2.97 and 3.08 respectively. Assume that we desire a minimum 12% annual return on our investments, and that we believe Google will sell at 3.0 times book value five years from now. What must Google earn (ROE) on average over the next 5 years to make it a worthwhile investment?
(Assume that Google pays no dividends. Do not round until your final answer. Round your answer to one decimal place.)
Marco Chip, INC. just issued zero-coupon bonds with a par value of $1,000. The bond has a maturity of 16 years and a yield to maturity of 13.03 %, compounded semi- annually. What is the current price of the bond?
Explain the various aspects of finance that management must understand. Examine the role of management as it relates to finance in a corporation.
CSM Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $496,000 is estimated to result in $195,000 in annual pretax cost savings. The press falls in the MACRS five-year class (MACRS Ta..
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 ..
How much additional financing will Sheth and Sons obtain as a result of switching the pay period for managers' salaries from every two weeks to monthly?
Please work out The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.9 million and net plant and equipment equals $2.4 million. What is the firm's net working capital? $ Wha..
Based on analysis of the company and expected industry and economic conditions, China Imports is expected to earn 4.6- per share of common stock next year. the average price/ earnings ratio for firms in the same industry is 8. . Calculate the estimat..
Central Systems, Inc. desires a weighted average cost of capital of 7 percent. The firm has an after-tax cost of debt of 4 percent and a cost of equity of 10 percent. What debt-equity ratio is needed for the firm to achieve its targeted weighted aver..
Compute the initial value of the riskless hedge position (V0). Find the rate of return on the riskless hedge position (R).
According to the Federal Credit Opportunity Act, can lenders ask applicants of their marital status?
Tthe one where John Ford starts a firm Bestafer and Bob Strong is the venture capitalist. What percentage of the firm does Strong obtain at t=0?
Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.7%. What is the duration if the yield to maturity is 10.7%?
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