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The treasurer of a large corporation wants to invest $35 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 4.39 percent; that is, the EAR for this investment is 4.39 percent. However, the treasurer wants to know the money market yield on this instrument to make it comparable to the T-bills and CDs she has already bought. If the term of the instrument is 79 days, what are the bond equivalent and discount yields on this investment? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
Bond Equivalent Yield__________%
Discount Yield ________________%
What is the present value of the following annuity? $4269 every half year at the end of the period for the next 6 years discounted back to the present at 7.27% per year compounded semi annually. Round the answer to two decimal places.
Based on the dividend growth model, the price of a stock will remain constant if the dividend is cut, provided that the: Dividends tend to fluctuate in direct relation to changes in annual earnings. Managers are less concerned with the change in the ..
The company has a loan Argentinian Grill at 7 years of $ 23.500 with the local bank. His plan is to start paying the loan in seven equal installments beginning on this day. If the interest rate is 8.4%, calculates the annuity payment.
If an employer-sponsored retirement plan includes a designated Roth account option, which of the following provisions is NOT mandatory?
You have a 30-year mortgage with a simple annual interest rate of 8.5 percent. The monthly payment is $1,000. What percentage of your total payments over the first three years goes toward the repayment of principal?
On January 2013, Professor Lee buys a house. Here is the information. What is the effective interest rate? If from January 2013, Professor Lee plans to sell his house after 15 years. What is the effective interest rate for Professor Lee in Jan 2013?
Assume Mallard uses the 125% declining balance method to depreciate property, plant and equipment. On January 1, 2012, Mallard acquired five acres of land with a building that will be used as office space and warehouse for $400,000 cash. An appraisal..
YUM Corp does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However, investors expect YUM Corp to begin paying dividends, with the 1st dividend of $1.25 coming 3 (three) years from today. The dividend ..
Consider an asset that costs $576,000 and is depreciated straight-line to zero over its eight-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $167,000. If the relevant tax rate is 35..
You are considering whether to replace an existing flow meter. The existing flow meter can be sold now for $50 or it can be sold in one year for $10. It will cost $30 to operate and maintain over the next year (in end of year value). Do you recommend..
Consider an asset that has a beta of 1.20. If the risk-free rate is 2.0% and the market risk premium is 3%, expected return on the asset is: Assume that you are a U.S. investor who is considering investments in the German (Stocks A) and British (Stoc..
The capital accounts of Harrison and Marti have balances of $160,000 and $110,000, respectively, on January 1, 2014, the beginning of the current fiscal year. On April 10, Harrison invested an additional $20,000. Based on this information, the statem..
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