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A charity holds a raffle in which each ticket is sold for $40. A total of 11200 tickets are sold. They raffle one grand prize which is a Mercedes Benz E350 valued at $55000 along with 2 second prizes of Honda motorcycles valued at $11000 each. What are the expected winnings for a single ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
Super-One Co. has bonds in the market making annual payment, with 16 years of maturity, and selling for $850. At this price the required rate of return is 8 %. What is the coupon rate for Super-One bond?
Every company finds it challenging to recruit and select top executives for an international location. The nationals of the host country will be aware of the local laws and customs and may accept a lower wage as well, but may not be familiar with ..
A department store has offered you a credit card that charges interest at 1.65% per month compounded monthly. what is the nominal interest (annual percentage) rate for this credit card? what is the effective annual interest rate?..please show work
Briefly describe and then determine the approximate percentage appreciation or depreciation of the NASDAQ Composite,
What is likely to be an individual's single biggest asset? Gordon Carey uses his Visa card to purchase a new digital camera and lens. What type of credit did Gordon use?
the clinic is supposed to have an average of 100 patients per month. calculate your break-even analysis for the clinc? what is your financial recommendation?
How is the irect foreign investment decision made? What are the inputs to this decision process? Are the inputs more complicated than those for the domestic investment decision? Why or why not? Response only needs to be 200-300 words. Please, no plag..
What impact does asymmetric information have on the optimal level of leverage? In your answer, be sure to describe the implications of adverse selection and the lemons principle for equity issuance, as well as the empirical implications.
Discuss why you would not expect all industries to have a similar relationship trend to the economy. Provide an example of two industries that have a different relationship to the economy and explain the difference.
last year artworks inc. paid a dividend of 3.50. you anticipate that the companys growth rate is 10 percent and have
What would be the advantages of owning the car? What would be the advantages of leasing it? For your lifestyle, needs, and uses of a vehicle, should you buy or lease?
Explain how budget planning is related risk management for the RFP you have selected.
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