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In the 2016 Presidential election season, Hillary Clinton expressed concern over outsourcing the management of federal and state prisons to private prison management firms, stating in the first debate, “I’m glad that we’re ending private prisons in the federal system. I want to see them ended in the state system.” As Clinton began to take a large lead in the polls, prison management firms CoreCivic (ticker CXW) and GEO Group (ticker GEO) posted substantial declines. Using Yahoo Finance (finance.yahoo.com), find the closing prices for these stocks for each day around the election. On Yahoo, go to the “Historical Data” section on each stock’s page. You will need the Adjusted Closing Prices on 11/7/2016, 11/8/2016, and 11/9/2016.
a. Find each stock’s return on 11/8 and 11/9.
b. Construct a price-weighted index for the two prison stocks and find the return to the index on 11/8 and 11/9.
c. Construct a market-cap weighted index for the two prison stocks and find the return to the index on 11/8 and 11/9. You can assume that the number of shares outstanding (found on the “Statistics” page) has remained constant in the months since the election.
Example of TVM concept , Describe any event with the concept - be it a loan, opportunity cost, stock or bond valuation, or while subscribing for any new financial plan, or beyond.
(Present value?) What is the present value of the following future? amounts?
If the interest rate of 9% increases to 12%, how many basis points did it increase? - If the interest rate of 10% decreased by 20 basis points, what is the new interest rate?
Which of the following factors will change when interest rates change?
What comes closest to Stock A’s expected return and Stock B’s standard deviation?
Professor Moneybags has a chance to purchase one of two professional rugby clubs, the Seattle Serpents or the Trenton Triceratops. At the beginning of last year, the Serpents were purchased for $80 million, provided $8 million in yearly profits, and ..
A stockholder, James Bradley, receives $20,000. If James' tax rate on dividends in 15 percent, what is his after-tax dividend?
Walmart paid out $1,929 million as debt interest. How much more tax would Walmart have paid if the firm had been entirely equity-financed? What would be the present value of Walmart's interest tax shield if the company planned to keep its borrowing p..
your organization has a canteen tulip refractory serving hot meals snacks and refreshments during the working day. at
A company has a profit margin of 25%, an asset turnover ratio of 1.5, and an equity multiplier ratio of 1.65, both the tax burden and the interest burden are at 1, if the profit margin increases to 20% but the asset turnover ratio decreases to 1.3, w..
Constant Growth Valuation Woidtke Manufacturing's stock currently sells for $34 a share. The stock just paid a dividend of $3.00 a share (i.e., D0 = $3.00), and the dividend is expected to grow forever at a constant rate of 9% a year. What stock pric..
Ridgefield Enterprises has total assets of $300 million and EBIT of $45 million. The company currently has no debt in its capital structure. The company is contemplating a recapitalization where it will issue debt at 10 percent and use the proceeds t..
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