1. Fred owes $12,000 on his credit card, which carries an annual interest rate of 14.2 percent. If he does not charge anything else and sends the credit card company $546 every month, how many months will it take to pay off the card? (Show your answer to two decimal places, e.g., 12.34)

2. Cindy and Mike managed to save $891,000 in their retirement account, which earns 6.6 percent annual interest. They plan to live on this money and will begin withdrawing $6,000 per month out of the account until the money in the account is gone. How long, in months, will their money last?

## Determine the earnings per share and market to book ratioDetermine the Earnings per share, Price-to-earnings ratio, Book value per share, and Market-to-book ratio.- How much of the retained earnings total was added during 2006? |

## Firm uses payback period criteria of not accepting projectAMP INC has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than 4 years to recover costs. The company anticipates cas flows of $451,386, $512,178, $561,755, $764,997, $816,500, and.. |

## What would be your valuation of Hayden Ltd sharesWhat would be your valuation of Hayden Ltd's shares, given you require a 15% p.a. return? |

## Calculate the standard deviation of the returnsAn entity has a stock that has a beta of 1.20 when the risk free rate is 5% in 2010. The average return on the market in 2010 was 12%. In 2011 the risk free rate increased by 1% due to inflation, but the return on the market increased by 2%. Calculat.. |

## Estimate the sales price of productYou are evaluating a product for your company. You estimate the sales price of product to be $190 per unit and sales volume to be 10,900 units in year 1; 25,900 units in year 2; and 5,900 units in year 3. The project has a 3 year life. The tax rate i.. |

## Short-term and long-term interest rates were reversedWhat would the annual interest and earnings after taxes for conservative and aggressive strategies be if short-term and long-term interest rates were reversed? |

## What is market value of the bondA fourteen-year bond, with par value equals $1,000, pays 12% annually. If similar bonds are currently yielding 11% annually, what is market value of the bond? |

## Considering purchase of an automated molding machineThe management of Erion Corporation is considering the purchase of an automated molding machine that would cost $280,534, would have a useful life of 5 years, and would have no terminal (salvage) value. The automated molding machine would result in c.. |

## What is the present value when the annual increasewhat is the present value when the annual increase is $5,000? and when the annual increase is 10%? |

## How much did chris pay for his bondThe yield for Chris’s bond is 80% of the yield for Cheryl’s bond. How much did Chris pay for his bond? |

## Used as the initial cash flow for this building projectWhat amount should be used as the initial cash flow for this building project? |

## How data was used to calculate waccA discussion of how much confidence you have in your answer. What were the limiting assumptions that you made, if any. How data was used to calculate WACC. This would be the formula and the formula with your values substituted. |

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