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You just won the lottery and would like to set some money aside to pay for your child’s education. As of today, the tuition cost is $30,000 per year at the undergraduate level and $55,000 per year for a two-year master’s program. The rate of inflation for educational services is 3.5% annually and you can invest at a fixed nominal interest rate of 7% APR with annual compounding. Your child will enter a 4-year undergraduate program 16 years from today and upon graduation will immediately enroll in a two-year master’s program. Assuming tuition is to be paid at the beginning of the year, find the amount of tuition for years 1-4 of undergraduate education and years 1-2 at the graduate level. How much money will you have to invest today to pay for your child’s education? Show all work and round dollar amounts to the nearest cent. You must show all your work, including calculator keystrokes if applicable.
Which of the following people is considered highly compensated for 2016?
Photo chronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of .66. It’s considering building a new $65.6 million manufacturing facility. This new plant is expected to generate a..
ABC earned a net profit margin of 5.8% last year and had an equity multiplier of 3.8. If its total assets are $102 million and its sales are 183 million, what is the firm's return on equity?
Various management actions provide investors with clues as to the future prospects for the firm. Which of the following actions by management contains the most positive economic information for common stock investors?
Maris Motors Co. pays a $2.15 dividend every quarter for its perpetual stock. If you expect an annual return of 8.75% on your investment, compute the stock price that you would be willing to pay, using quarterly data. Now compute the value using annu..
Identify the inflation rate of your home country and some well-known foreign country. Then identify the percentage change of your home currency with respect to that foreign country. Did the currency change in the direction and by the magnitude that y..
Suppose 2-year Treasury bonds yield 4.1%, while 1-year bonds yield 1.3%. r* is 1.25%, and the maturity risk premium is zero. Use minus sign for any negative expected inflation rate. Using the expectations theory, what is the yield on a 1-year bond 1 ..
Operational efficiency and marketing policy to improve the disappointing performance of this company going forward?
Suppose the market portfolio is equally likely to increase by 30% or decrease by 10%. Also suppose that the risk-free interest rate is 4%. Use the beta of a firm that goes up on average by 40% when the market goes up and goes down by 20% when the mar..
Jiminy's Cricket Farm issued a 30-year, 6.5 percent semiannual bond 7 years ago. The bond currently sells for 107 percent of its face value. The company's tax rate is 35 percent. What is the pretax cost of debt? What is the aftertax cost of debt?
ABC Corporation is investing $500 million in production facilities. The present value of all future cash flows is estimated to be $700 million. Assume that all cash flows are aftertax. ABC has 180 million outstanding shares with a current market pric..
A stock is expected to pay a dividend of $1.30 one year from now, $1.70 two years from now, and $2.10 three years from now. The growth rate in dividends after that point is expected to be 8% annually. The required return on the stock is 13%. The esti..
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