Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Worst Buy Company has had a lot of complaints from customers of late, and its stock price is now only $4 per share. It is going to employ a one-for-six reverse stock split to increase the stock value. Assume Dean Smith owns 108 shares.
a. How many shares will he own after the reverse stock split? (Do not round intermediate calculations and round your answer to the nearest whole number.)
b. What is the anticipated price of the stock after the reverse stock split? (Do not round intermediate calculations and round your answer to 2 decimal places.)
c. Because investors often have a negative reaction to a revere stock split, assume the stock only goes up to 90 percent of the value computed in part b. What will the stock’s price be? (Do not round intermediate calculations and round your answer to 2 decimal places.)
d. How has the total value of Dean Smith’s holdings changed from before the reverse stock split to after the reverse stock split (based on the stock value computed in part c)? To get the total value before and after the split, multiply the shares held times the stock price. (Input the amount as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places.)
We receive a $400,000 mortgage from the bank for 30 years. A VP at the bank, tells us to fully amortize the mortgage we need to pay $5,000 monthly. First, we would like to know how much the yearly mortgage rate the bank charges us. Compute the number..
Parker Chemicals purchased a hexene extractor 10 years ago for $120,000. It is being depreciated on a straight-line basis over 15 years to an estimated salvage value of zero. It can be sold today for $10,000. If the new extractor is purchased, annual..
Looking at a list of beta coefficients you spot a number of stocks as possible buys for your new stock portfolio. You have $80,000 to invest. You have decided to have just three stocks in your portfolio(this will make it easier to follow than a portf..
What is the value today of a security that promises to pay $1,000 in one quarter, with payments increasing at 1% per quarter thereafter? Payments are made each quarter forever. Our opportunity cost of capital is 12% per annum.
A borrower has secured a 30 year, $150,000 fully amortizing fixed rate loan at 7% with monthly payments. Fifteen years later, an investor wants to purchase the loan from the lender. If market interest rates are 5%, what would the investor be willing ..
You have been given the following information for Kellygirl’s Athletic Wear Corp. for the year 2015: a. Net sales = $38,950,000. b. Cost of goods sold = $22,230,000. c. Other operating expenses = $6,500,000. d. Addition to retained earnings = $1,211,..
You are making a $35,000 investment and feel that a 10.6 percent rate of return is reasonable given the nature of the risks involved. You feel you will receive at least $8,000 in the first year, $27,000 in the second year, $32,000 in the third year, ..
A short forward contract that was negotiated some time ago will expire in three months and has a delivery price of $40. The current forward price for three-month forward contract is $42. The three month risk-free interest rate (with continuous compou..
A five-year project has an initial fixed asset investment of $290,000, an initial NWC investment of $26,000, and an annual OCF of −$25,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required re..
PowerDrive, Inc. produces a hard disk drive that sells for $175 per unit. The cost of producing 25,000 drives in the prior year was: At the start of the current year, the company received an order for 3,400 drives from a computer company in China. Ma..
Suppose you buy a bond with a 12 percent annual coupon, payable semiannually. You actually pay $ 1,080 for this bond. On the day you buy it, the next coupon is due in 3 months. What would be the bond's clean price?
The percent mark up on a video game is known to be 108% based on cost. If the seller said $35 for one, then what would be the corresponding percent mark up based on the sale price?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd