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Need to understand step by step on how to do the below: (Non Excel)
Phillips Equipment has 80,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 6.75 percent. The company also has 750,000 shares of 7 percent preferred stock and 2.5 million shares of common stock outstanding. The preferred stock sells for$53 a share. The common stock has a beta of 1.34 and sells for $42 a share. The U.S. Treasury bill is yielding 2.8 percent and the return on the market is 11.2 percent. The corporate tax rate is 38 percent. What is the firm's weighted average cost of capital?
It is now January 1, 2014, and you are considering the purchase of an outstanding bond that was issued on January 1, 2012. It has a 8.5% annual coupon and had a 15-year original maturity. (It matures on December 31, 2026.) There is 5 years of call pr..
This problem is useful for testing the ability of financial calculators and computer software. Consider the above cash flows. The IRRs, from smallest to largest, are____ percent, ___percent, ___percent, and ___percent.
An investment project requires a net investment of $100,000. The project is expected to generate annual net cash inflows of $28,000 for the next 5 years. The firm's cost of capital is 12 percent. Determine whether you would accept or reject the proje..
Calculate the average return per period for an investor who bought 100 shares of the Closed Fund at the initiation and then sold her position at the end of Period 4.
Las Paletas Corporation has two different bonds currently outstanding. Bond M has a face value of $50,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $1,600 every six months over the subsequent eight years, ..
Custer's has bonds outstanding with a face value of $162,000 that are selling at par. It also has 10,000 shares of stock outstanding that are selling for $32.30 a share. The all-equity value of the firm is $455,000. The tax rate is 35 percent. By wha..
Which one of the following will tend to decrease the length of time a company will extend credit?
uppose your company needs to raise $36.8 million and you want to issue 23-year bonds for this purpose. Assume the required return on your bond issue will be 9.3 percent, and you’re evaluating two issue alternatives: In 23 years, what will your compan..
Write a paper about the case study Strategic Financial Planning in Long-Term Care.
Calculate the present value at time 0 of payments that are received continuously over each year for ten years. The payment is $100 during the first year, $105 during the second year, $110 during the third year, and so on, up to the last payment of $1..
Sqeekers Co. issued 10-year bonds a year ago at a coupon rate of 7.6 percent. The bonds make semi annual payments and have a par value of $1,000. If the YTM on these bonds is 5.9 percent, what is the current bond price? (Do not round intermediate cal..
Assume Chen and Beck are two Japanese firms of comparable size in the igloo building industry. Both have a 30% tax rate. Chen has zero debt, a beta of 1.2 and Beck has a beta of 1.5. Estimate Beck’s .debt-to-equity ratio.
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