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A poker hand consists of 5 cards drawn from a 52-card deck.
(a) How many different poker hands are there?
(b) How many different poker hands are there that contain all four aces? What then is the probability of being dealt four aces? What is the probability of being dealt four of a kind (i.e., four aces, or four kings, or four queens, etc.)?
(c) How many different poker hands are there that contain exactly three aces? What then is the probability of being dealt three aces? What is the probability of being dealt three of a kind (i.e., three aces, or three kings, or three queens, etc.)?
The company's dividends are expected to grow at a constant rate of -0.8% indefinitely. The risk-free rate of return is 2% and the expected return on the market portfolio is 6%. If the stock of Lily Co. has a beta of 1.4
Write at least three paragraphs discussing the advantages and disadvantages of allowing the president to use an executive order to create immigration policy
Doughboy Bakery would like to buy a new machine for putting icing and other toppings on pastries. These are now put on by hand. The machine that the bakery is considering costs $90,000 new.
As a member of the finance department of Ranch Manufacturing, your supervisor has asked you to compute the appropriate discount rate to use when evaluating the purchase of new packing equipment for the plant.
A firms reports that in a certain year it had a net income of 4.5 million, depreciation expenses of 2.8 million, capital expenditures of 2.3 million, and Net Working Capital decreased by 1.5 million.
Clearwater Glass Company examined its cash management policy and found that it takes an average of five days for checks that the company writes to reach its bank and thus to be deducted from its checking account balance.
A stock has an expected return of 14 percent, its beta is 1.90, and the expected return on the market is 10.5 percent. What must the risk-free rate be
Let's say that the mean age of people in a class of 31 students is 33.8 years, and the standard deviation is equal to 7 years, and that you as a member of the class are 26.
Graser Trucking has $20 billion in assets, and its tax rate is 30%. Its basic earning power (BEP) ratio is 13%, and its return on assets (ROA) is 3%. What is its times-interest-earned (TIE) ratio
Consider a $500 deposit earning 5 percent interest per year for 5 years. How much total interest is earned on interest (excluding interest earned on the original deposit)
Werth Company produces tie racks. The estimated fixed costs for the year are $288,000, and the estimated variable costs per unit are $14. Werth expects to produce and sell 60,000 units at a price of $20 per unit.
Calculate the term structure of cumulative, unconditional and conditional default probabilities which are relevant for the bond issued by the Bank - Discuss how well does the proposed hedging strategy work
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