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1. One day as you were going through some old memorabilia, you discovered an old savings account in which you placed $100 twenty years ago. When you checked out the account, it currently had a balance of $320.71. What annual rate of interest did you earn? 6% 2. Arnold learned something very valuable as a teenager from his dad. He was told to invest $1,000 at 12% interest at age 20 and leave it alone until age 65. Arnold's dad knew that one strategy that wealthy people use is to exercise self-discipline to never touch this long-term plan. Arnold is very happy he applied his dad's advice. Approximately how long will it take Arnold's savings to grow into $2,000? 6 years 3. Your child's orthodontist offers you two alternative payment plans. He is indifferent to which alternative you choose. The first plan requires a $4,000 immediate up-front payment. The second plan requires you to make monthly payments of $137.41, payable at the end of each month for 3 years. What nominal annual interest rate is built into the monthly payment plan? 4. A 25-year, $1,000 par value bond has an 9.5% annual coupon. The bond currently sells for $975. If the yield to maturity remains at its current rate, what will the price be 5 years from now? 5. The Pennington Corporation issued bonds on January 1, 1987. The bonds were sold at par, had 12% annual coupon, paid semi-annually, and mature on December 31, 2016. a) What was the Yield-to-Maturity (YTM) on the date the bonds were issued? b) What was the price on January 1, 1992, assuming interest rates have fallen to 10%? c) Find the current yield, capital gains/losses yield and total yield on January 1, 1992?
If the appropriate discount rate is 7% annually, what is present value of the girl's fortune?
Magnus Credit Corp. wants to earn an effective annual return on its consumer loans of 17.5 percent per year. The bank uses daily compounding on its loans.
A company's perpetual preferred stockcurrently trades at $80 per share and pays a $6.00 annual dividendper share. If the company were to sell a new preferred issue,it would incur a flotation cost of 4%. What would the cost of that capital be?
let ckdenote a european vanilla call option with strike price k. assume that all options are identical except for
They also have $18,500 in business equipment they own, and owe $1,600 in loans for new equipment. According to this list, what are the totals of assets and liabilities for the business?
You find a certain stock that had returns of 16 percent, -9%, 23%, and 24% for four of the last five years. The average return of the stock over this period was 14.40 percent.
what must be price of an at-the-money European call option on stock with 1 year maturity.
computation of fixed operating cost for achieving target profits.roney rogers a recent business school graduate plans
Determine the present values if $ 5,000 is received in the future
In your own words, what is risk decomposition and risk aggregation? Summarize the role of banks in the economy? Summarize the roles and activities of insurance companies and pension plans in the economy? Briefly characterize mutual funds and hedge..
Explain what features of accounting, if any, would make it costly for dishonest managers to make the same changes without any corresponding economic changes
Firm X is considering a project and its analyst have projected the following outcomes and probabilities.
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