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Dudley Hill Golf Club's market-to-book ratio is currently 3.5 times and the PE ratio is 7.25 times. Dudley Hill Golf Club's common stock is currently selling at $35.00 per share.
What is the book value per share? (Round your answer to 2 decimal places.)
Book value per share =
What is the earnings per share? (Round your answer to 2 decimal places.)
Earnings per share =
The Hirt & Block mutual fund has assets of $147 million, liabilities of $7 million and 7 million shares outstanding. What is the net asset value per share?
Suppose that a ten-year maturity bond with $1,000 face value and 10% annual coupon is available for $800. You should buy this bond if your required rate for this type of bond is 13%? Hint: Do the math and price the bond! a. True b. False please expla..
ABC had assets of $15 million last year; sales were $18 million; liabilities plus accruals that increased spontaneously with sales was 8% of assets; net income was $275,000 of which $120,000 was paid out in the form of dividends. What is ABC's capita..
As of February 2010, what is your assessment of the worth of Wal-Mart’s Stock? Utilize all of the methods discussed in the case to value the shares, including the following: a) The perpetual growth in dividends. b) Forecasted dividends for the next s..
Hag Lund Department Store is located in the downtown area of a small city. While the store had been profitable for many years, it is facing increasing competition from large national chains that have set up stores on the outskirts of the city. Use ar..
Which is more important to shareholders of a company: the book value of equity or the market value of equity? Explain why?
Top hedge fund manager Diana Sauros believes that a stock with the same market risk as the S&P 500 will sell at year-end at a price of $51. The stock will pay a dividend at year-end of $3.00. Assume that risk-free Treasury securities currently offer ..
Bank A pays 5% simple interest on its savings account balances while Bank B pays 4% interest compounded semi-annually. If you decide to save $10,000 in each bank, how much interest will you have earned after five years from each bank?
You placed $6,559 in a savings account today that earns an annual interest rate of 5 percent compounded annually. How much will you have in this account at the end of 29 years. Assume that all interest received at the end of the year is invested the ..
Using the P/E ratio approach to valuation, calculate the value of a share of stock under the following conditions: the investors required rate of return 14%. the expected level of earning at the end of the year (E1) is $5. the firm follows a policy o..
Assets Liabilities Required reserves $8 M Checkable deposits $100M Excess reserves $3 M Bank capital $6 M T-bills $45 M Commercial loans $50 M a. What is the required reserve ratio? b. What are the total reserves this bank holds? c. What are the bank..
You have the chance to participate in a project that produces the following cash flows: Cash Flows, $ C0 C1 C2 ; +5,000 +4,000 –11,000. The internal rate of return is 13%. If the opportunity cost of capital is 10%, what is the NPV of the project?
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