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Suppose you’re evaluating three alternative MMMF investments. The first fund buys a diversified portfolio of municipal securities from across the country and yields 4.05 percent. The second fund buys only taxable, short-term commercial paper and yields 5.7 percent. The third fund specializes in the municipal debt from the state of New Jersey and yields 3.7 percent. If you are a New Jersey resident, your federal tax bracket is 35 percent, and your state tax bracket is 8 percent.
1. Calculate the aftertax yield for each of the alternatives. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) Aftertax Yield Municipal fund % Taxable fund % New Jersey municipal fund %
2. Which of these three MMMFs offers you the highest aftertax yield? New Jersey Fund ,Municipal Fund ,Taxable Fund
Which of these may lawfully be used as part of a loan application evaluation process?
You are given the following information for Smashville, Inc. Cost of goods sold: $ 259,000 Investment income: $ 3,100 Net sales: $ 402,000 Operating expense: $ 94,000 Interest expense: $ 7,400 Dividends: $ 11,000 Tax rate: 30 % . Calculate the gross ..
What is ABC inventory classification? How can this method be useful to a business? Describe the assumptions underlying the basic EOQ model.
1 steve would like to buy a new car but must complete a two-year commitment to the peace corp before he will drive the
Kindle Fire Prevention Corp. has a profit margin of 6.3 percent, total asset turnover of 2.2, and ROE of 18.44 percent. What is this firm’s debt equity ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e..
Calculate the discount rate consistent with a cap rate of 12 percent and a growth rate of 6 percent. Show how your answer would change if the cap rate dropped to 10 percent while the growth rate declined to 5 percent.
Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January 2016, the first month of operations: Prepare a schedule of unfinished jobs to support the balance in the work in process..
Identify short- and long-term benefits to the organization in financial terms
Use following to compute companies accounting net income:
A firm is looking to invest in a new sports drink. They must invest $4 million today and another $4 million in one year. They expect that in two years, they will receive $3 million in free cash flow, and this will continue for 5 years (so the final $..
Assume that 90-day investments in Britain have a 7.2% annualized return and a 1.8% quarterly (90-day) return. In the U.S., 90-day investments of similar risk have a 4.0% annualized return and a 1.0% quarterly (90-day) return. In the 90-day forward ma..
Suppose the dividends for the Seger Corporation over the past six years were $1.36, $1.44, $1.53, $1.61, $1.71, and $1.76, respectively. Compute the expected share price at the end of 2014 using the perpetual growth method.
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