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For each of the following situations, write the equation needed to calculate the yield to maturity. You do not have to solve the equations for i; just write the appropriate equations.
a. A simple loan for $350,000 that requires a payment of $475,000 in five years.
b. A discount bond with a price of $720 that has a face value of $1,000 and matures in five years.
c. A corporate bond with a face value of $1,000, a price of $950, a coupon rate of 8%, and a maturity of six years.
d. A student loan of $4,000 that requires payments of $275 per year for 20 years. The payments start in three years.
Determining Profit or Loss from an Investment. Three years ago, you purchased 150 shares of IBM stock for $88 a share. Today, you sold your IBM stock for $103 a share. For this problem, ignore commissions that would be charged to buy and sell your IB..
Should firms hedge? A number of firms practice hedging and use derivatives to manage risk and change risk exposure. Some people argue firms should stick with their core business (i.e airlines should concentrate and on operating airlines). What do you..
The Nelson Company has $1,000,000 in current assets and $400,000 in current liabilities. Its initial inventory level is $200,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term..
Filer Manufacturing has 8.4 million shares of common stock outstanding. The current share price is $54, and the book value per share is $5. Filer manufacturing also has two bond issues outstanding. Assume that the overall cost of debt is the weighted..
Assuming that all of LilyMac’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Newcastle Coal Company is considering a project that requires an investment in new equipment of $3,800,000, with an additional $190,000 in shipping and installation costs. Newcastle estimates that its accounts receivable and inventories need to incre..
As the CFO, suggest one (1) key strategy that you might use in order to improve the financial performance of the organization. Recommend an approach to implement the suggested strategy. Provide support for your recommendation
WSM Wine Importers, Inc. purchased 75,000 cases of French wine at a cost of 6,000,000 Euros. If the current exchange rate is 0.7576 Euros to the U.S. dollar, what is the purchase price of the wine in U.S. dollars?
When measuring the cost of capital, many companies measure the cost of the common stock in the company. However, does common stock have a cost when there is no obligation to pay the stockholders except upon liquidation of the company?
Suppose you know the following regarding a company’s financials: Total Debt? Total Equity? Total Assets?
Rust Bucket Motor Credit Corporation (RBMCC), a subsidiary of Rust Bucket Motor, offered some securities for sale to the public on March 28, 2008. Under the terms of the deal, RBMCC promised to repay the owner of one of these securities $100,000 on M..
The XYZ Company expects stock prices to increase. The current stock price is $37. The company purchases a call option, with an exercise price of $40 and a premium of $2 per share. What is the minimum market price at which the investor should exercise..
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