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You must use the FINANCIAL FUNCTIONS in EXCEL to calculate your answers.
You are planning to purchase a house that costs $480,000. You plan to put 20% down and borrow the remainder. Based on your credit score, you believe that you will pay 3.99% on a 30-year mortgage.
1. Use function “PMT” to calculate your mortgage payment.
2. Use function “PV” to calculate the loan amount given a payment of $1500 per month. What is the most that you can borrow?
3. Use function “RATE” to calculate the interest rate given a payment of $1500 and a loan amount of $400,000.
What is the Year-4 interest expense? What is the Year-4 tax shield? What is the unlevered value of operations? What is the value of the tax shield?
Bruce Moneybags owns several restaurants and hotels near a local interstate. One restaurant, Beef and More, originally cost $1.8 million, is currently fully paid for, but needs modernized. The estimated present value of the cash inflows from the reno..
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. W..
Based on the data above, what is the degree of total (combined) leverage of Haunted Forest, Inc.?
Calculate the current yield for the following bond – a 15 year corporate bond issued 4 years ago with a 5% coupon rate and similar bonds today have 4% coupon rates. Calculate the YTM for the following corporate bond – 6% coupon, 8 years left to matur..
Waldo Corporation has recently retained your accounting firm to prepare its income tax return.
Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $4.60 dividend every year, in perpetuity. what is the required return?
A firm has a market value equal to its book value. Currently, the firm has excess cash of $800 and other assets of $5,200. Equity is worth $6,000. The firm has 600 shares of stock outstanding and net income of $700. The firm has decided to spend all ..
A borrower is faced with choosing between two loans. Loan A is available for $75,000 at 10% MEY for 30 years, with 6 points included in the closing costs. Loan B would be made for the same amount, but for 11% MEY for 30 years, with 2 points included ..
Wice Shy Industries has a debt−equity ratio of 1.6. Its WACC is 8.6 percent, and its cost of debt is 6.1 percent. The corporate tax rate is 35 percent. What is the company’s cost of equity capital? What is the company’s unlevered cost of equity capit..
If the company has $5 million per day in collections and $3 million per day in disbursements, how many dollars will the cash management system free up? Justify your answers.
You run a mutual fund and you have decided that the most that Sears stock is worth is $20 and you plan on selling the stock when it reaches that point. What option strategy could you take to make a profit on your planned trade?
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