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Friendly’s Quick Loans, Inc., offers you “eight for ten or I knock on your door.” This means you get $8.00 today and repay $10.00 when you get your paycheck in one week (or else).
If you were brave enough to ask, what APR would Friendly’s say you were paying? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16)
APR=
What’s the effective annual return Friendly’s earns on this lending business? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16)
EAR=
Assume a bank originates a pool of short-term real estate loans worth $27 million with maturities of 3 years and with annual interest payments of 6.5 percent and return of principal at maturity. If the loans are converted to pass-through securities a..
A fixed-rate mortgage is harder to budget for than an adjustable rate mortgage. The rate cap on an ARM sets a dollar limit on how much your monthly payment can increase during any adjustment period. The rate cap on an ARM protects the borrower.
You are considering purchasing a 15-year 8% unsecured bond at a price of $960: How much is the bond’s face value? How much is the bond’s coupon? What is the bond’s current yield?
Jim Krakauer proposes to expand his restaurant supply business by adding an HVAC repair unit. Currently his customers, almost all restaurant owners, buy or order equipment from his sow room floor or from a warehouse of used equipment located behind h..
What equal series of payments must be paid into a sinking fund in order to accumulate each given amount?
Calculate the actual annual percentage rate of interest for the loan in Exercise 1 using both formulas APR1 a and APR2 a.
1) WPM, Inc. has current assets of $8,000,000, current liabilities of $4,000,000, inventory of $1,320,000, and sales of $12,000,000. What is the acid test ratio?
What is its YTM? - If the yield curve is a flat 3%, what is its Macaulay duration?- If the yield curve is a flat 10%, what is its Macaulay duration?
Amortization Schedule Set up an amortization schedule for a $35,000 loan to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 10%. Round your answers to the nearest cent. Enter "0" if required
The Xerox Company paid a $3.00 dividend per share on its common stock this past year. This dividend represented a 40% payout ratio. Dividends are expected to grow at a 6% annual compound growth rate while earnings are expected to grow at a 10% growth..
You own $19,175 of Human Genome stock that has an assumed beta of 3.91. You also own $11,700 of Frozen Food Express (assumed beta = 1.83) and $1,625 of Molecular Devices (assumed beta = 0.82). What is the beta of your portfolio?
You have a payment that is due in 5 years for $50,000. You can earn a 5% safe rate of return on your money. a. How much would you have to set aside today meet this payment in the future? b. If your rate of return is 8%, how much would you have to set..
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