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You buy a stock today for $60. The price of the stock at the end of the first year is normally distributed with a mean of 60+0.97 and a standard deviation of 4. The stock price at the end of each year depends on the stock price at the beginning of the year. If the stock price at the end of the first year is $X (which is random), then the price of the stock at the end of the second year is normally distributed with a mean of X+0.97 and a standard deviation of 4. If the stock price at the end of the second year is $Y (which is random), then the price of the stock at the end of the third year is normally distributed with a mean of Y+0.97 and a standard deviation of 4. Use SIPMath with 100000 trials to calculate the probability that the stock price at the end of the third year will be less than $60. Express your answer as a probability between 0 and 1.
What is the before-tax cost of capital for this debt financing?
Rosco Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 143,000 miles. Taxi no. 10 cost $40,000 and is expected to have a salvage value of $470. Taxi no. 10 is driven 33,100 mi..
If a stock’s dividend is expected to grow at a constant rate of 5% a year, which of the following statements is CORRECT? The stock is in equilibrium.
Fairweather Corporation purchases merchandise on terms of 2/15, net 40, and its gross purchases (i.e., purchases before taking off the discount) are $800,000 per year. What is the maximum dollar amount of costly trade credit the firm could get, assum..
Which of the following is NOT true regarding nondeliverable forward (NDF) contracts? Most foreign exchange transactions are through the U.S. dollar. If the transaction is expressed as the foreign currency per dollar this is known as ________ whereas ..
Which project do you accept on the basis of NPV?- Which project do you accept on the basis of PI?- If these are the only investments available, which one do you select?
EBIT-EPS break-even analysis –this is algebraic formulas, Home Depot Inc (HD) had 1.70 billion shares of common stock outstanding in 2008. Whereas Lowes companies Inc. (LOW) had 1.46 billion shares outstanding.
Builtrite Auto has preferred stock shares outstanding that pay an annual dividend of $8 and are currently selling for $86 a share. What is the after-tax cost of preferred stock if the flotation cost for new shares is 5% and Builtrite is in the 34% ma..
Determine the number of units of product K to be manufactured in May and compute the May cash outlay for purchases of raw material A.
Green Manufacturing, Inc., plans to announce that it will issue $2.06 million of perpetual debt and use the proceeds to repurchase common stock. The bonds will sell at par with a coupon rate of 6 percent. Green is subject to a corporate tax rate of 4..
Identify and describe two pricing models pertinent to the social media age. What are the legal structures for entrepreneurial ventures.
Assume that the inflation rate during the last year was 1.15 percent. Us government t-bills had the nominal rates of return of 5.97 percent. What is the real rate of return for a T-bill?
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