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A radio station runs a promotion at an auto show with a money box with 15 $100 tickets, 10 $50 tickets, and 12 $25 tickets. The box contains an additional 20 "dummy" tickets with no value. Three tickets are randomly drawn. Find the probability that all three tickets have no value.
The probability that all three tickets drawn have no money value is
Adama is a French manufacturer of photovoltaic panels.- Model the logistics system of Adama through a directed graph and give a graphical representation of it.
The current spot exchange rate is 109.43 (in Yen). A particular commodity sells for $5,000 in the Unites Sates and 600,000 (in Yen) in Japan. Does the law of one price hold? If not explain how to profit through arbitrage. Taking the commodity prices ..
Suppose that the 6-month, 12-month, 18-month, and 24-month zero rates are 5%, 6%, 6.5%, and 7%, respectively. What is the 2-year par yield?
Suppose that the current price of eBay is $40 per share. You buy 500 shares, using $10,000 of your own money and borrowing the remainder of the purchase price from your broker. The interest rate on the margin loan is 2% per month, and the maintenanc..
PK Software has 9 percent coupon bonds on the market with 25 years to maturity. The bonds make semiannual payments and currently sell for 111.75 percent of par. What is the current yield on PK's bonds? What is the effective annual yield?
Calculate the present value of the following annuity streams: $7,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually.
All of the followings are the rights and privileges of a Common Stockholders EXCEPT:
Jefferson City Computers has developed a forecasting model to estimate its AFN for the upcoming year. All else being equal, which of the following factors is most likely to lead to an increase of the additional funds needed (AFN)?
Calculate the dollar amount of purchases and then using that result , calculate the dollar amount of cash paid to suppliers using the following data
Vandalay Industries is considering the purchase of a new machine for the production of latex. Machine A costs $1,830,000 and will last for 5 years. Variable costs are 37 percent of sales, and fixed costs are $152,000 per year. Machine B costs $4,440,..
When considering stand-alone risk, the return distribution of a less risky investment is more placed ("tighter") than that of a riskier investment. What shape would the return distribution have for an investment with (a) completely certain returns an..
Analyze the Return on Equity (ROE) for the last 2 years using the DuPont method. - Develop a comparison of your three companies.
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