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1. Jiffy Co. expects to pay a dividend of $3.00 per share in one year. The current price of Jiffy common stock is $60 per share. Flotation costs are $3.00 per share when Jiffy issues new stock. What is the cost of internal common equity if the long-term growth in dividends is projected to be 8 percent indefinitely? Select one:
a. 14 percent
b. 13 percent
c. 15 percent
d. 16 percent
2. Which of the following statements about the internal rate of return (IRR) is true?
a. It is greater than the modified internal rate of return if the discount rate is higher than the IRR.
b. It fully considers the time value of money.
c. It never gives conflicting answers.
d. It has the most conservative and realistic reinvestment assumption.
An investor has two bonds in his portfolio that both have a face value of $1,000 and pay a 10% annual coupon. Bond L matures in 13 years, while Bond S matures in 1 year. What will the value of the Bond L be if the going interest rate is 4%? Why does ..
A 5,000 par value municipal bond with a coupon rate of 4.73 percent sells for $4,682 and has ten years until maturity. What is the yield to maturity of the bond?
The state of Alabama has legally earmarked around 85 percent of its state budget.
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Mike and Julie Bedard are a working couple. They will file a joint return. calculate the total tax owed.
A firm grants credit with terms of 2/10, net 40. The firm's customers have ___ days to pay in order to receive a _____ percent discount. Which one of the following is the need to hold cash simply as a financial reserve? Which one of the following wou..
calculate the balance sheet-based accruals and cash flow-based accruals ratios. Analyze the ratios and other information,of Wal -Mart and write an assessment of financial reporting quality.
A 20-year bond with a par value of $1,000 has a 9 percent annual coupon. The bond currently sells for $925. If the bond’s yield to maturity remains at its current rate, what will be the price of the bond 10 years from now?
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