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Five years ago you borrowed 200,000 to finance the purchase of a 240,000 home. The interest rate on this (old) mortgage is 10% MEY, and the level payments were made monthly to amortize the loan over 30 years (you did not curtail the loan in any way, nor do you ever intend to). You have found another lender who is willing to refinance the outstanding loan balance at 8% with monthly payments over 30 years. The new lender will charge two discount points on the loan, and other refinancing costs will amount to $5,000. There are no prepayment penalties on either loan, and you feel that the appropriate opportunity cost to apply to the refinance decision is 8%. a. What is the payment on the old loan? b. What is the current loan balance on the old loan (5 years after origination)? c. What would be the monthly payments on the new loan? d. Should you refinance today, if the new loan is expected to be outstanding for 5 years?
Assume that the firm has a tax rate of 35 percent. Compute the cash flows to investors from operating activity.
what financial tool(s) would be the best available for hedging? Show how many U.S. dollars Crown Co. would receive, net of cost, under each of the tools you have just identified.
The SEC filing fee and associated administrative expenses of the offering are $1,450,000. (Enter your answer as directed, but do not round intermediate calculations.)
Assume Timex has nonmaturing preferred stock outstanding that pays a $1.00 quarterly dividend and has a required return of 8 percent APR.
Backwards has $364 million of debt outstanding at the interest rate of 11% and $674 million of equity (market value) outstanding. Compute expected return on equity with this capital structure?
currently the spot exchange rate is 85/$ and Sony is charging $179 per PSP player. What is the degree of pass through by Sony of Japan on their DVD players?
Suppose you need $28,974 at the end of ten years, and your only investment outlet is an 8% long term certificate of deposit.
Mr. Arthur recently bought a block of 100 shares of Bingham Company common stock for $6,000. The stock is expected to provide an annual cash flow of dividends of $400 indefinitely.
Recreational Supplies Co. has net sales of $9,488,958, an ROE of 31.49 percent, and a total asset turnover of 3.06 times. If the firm has a debt-to-equity ratio of 1.50, what is the company's net income?
if you were a tax paying investor, which of the two 25 year bonds would you perfer?Why What impact will this preference have on the price , and hence YTMs of the two bonds?
What is the maximum monthly charge Cookie Cutter should pay for this lockbox system if the payment is due at the beginning of the month?
Pearson Brothers recently reported an EBITDA of 7.5 million and net income of 1.8 million.?It had 2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?
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