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Blackjack, or twenty-one as it is frequently called, is a popular gambling game. A player is dealt two cards. Face cards (jacks, queens, and kings) and tens have a point value of 10. Aces have a point value of 1 or 11. A 52-card deck contains 16 cards with a point value of 10 (jacks, queens, kings, and tens) and four aces.
a. What is the probability that both cards dealt are aces or 10-point cards?
b. What is the probability that both of the cards are aces?
c. What is the probability that both of the cards have a point value of 10?
Suppose that a firm has a marginal tax rate of 44% and an average tax rate of 33%. What would be the tax paid on a new project that will contribute an additional $7409 to the firm's cash flow?
a project produces a cash flow of 432 in year 1 137 in year 2 and 797 in year 3. if the cost of capital is 15 what is
The organization needs to change its strategy for deterioration from reducing equalization technique to straight line system w.e.f. first April,2008 and conform the distinction before 31st March, 2011
discuss the effect on stock market investor confidence should bank customers individuals and businesses alike lose
Suppose you are planning three stocks with the following expected dividends yields and gains, Determine the expected return on a portfolio consisting of 40% in stock A and 60 % in stock B
Prepare a statement showing the incremental cash flows for this project over an 8-year period. Calculate the payback period (P/B) and the net present value (NPV) for the project.
Determine the price and number of shares outstanding of each stock at the beginning of Week 1 (time t), and also at the end of Week 4 (time t+1). It may help to put this data in a table like this.
As part of your business plan, you will develop a pro-forma financial model (5 years) for your business. For this week complete the following:
Your boss has reviewed your results and has made some comment. He argues that it will be a good decision to issue more debt to market in this current economic situation (as debt will be cheaper than equity). Your answer should be based analysis of..
Buildings in flood zones are difficult to insure by private insurers because the ideal requirements of an insurable risk are difficult to meet. a. Identify the ideal requirements of an insurable risk.
What factors would contribute to the continue don of the boom in commercial paper? What factors would cause a contraction in the commercial paper market?
Precision lathe costs $11,000 and will cost $21,000 a year to operate and maintain. If the discount rate is 12% and the lathe will last for 5 years, what is the equivalent annual cost of the tool?
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