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Sincere Stationery Corporation needs to raise ?$519,000 to improve its manufacturing plant. It has decided to issue a ?$1,000 par value bond with an annual coupon rate of 10.7 percent with interest paid semiannually and a 10?-year maturity. Investors require a rate of return of 7.9 percent.
a. Compute the market value of the bonds.
b. How many bonds will the firm have to issue to receive the needed? funds?
c. What is the? firm's after-tax cost of debt if the? firm's tax rate is 34 ?percent?
a. The market value of the bonds is ?$ ??(Round to the nearest? cent.)
You find a certain stock that had returns of 15.4 percent, –22.7 percent, 28.7 percent, and 19.7 percent for four of the last five years. Assume the average return of the stock over this period was 13.40 percent. What is the standard deviation of the..
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If a company isn't public - or better said is a small, private company - should they still comply with record keeping standards? Why?
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Please prove numerically that return of the fund is independent of the return of the market index, wheter ex-ante or ex-post.
You are considering purchasing a new truck that will cost you $34,000. The dealer offers you 1.9% APR financing for 48 months (with payments made at the end of the month). Assuming you finance the entire $34,000 and finance through the dealer, your m..
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A project requires $428,000 of equipment that is classified as seven-year property. What is the depreciation expense in Year 3 given the following MACRS depreciation allowances, starting with Year 1: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and ..
In the article S&P Downgrades Debt Rating of US for the First Time, the authors discussed S&P downgrading US debt. Assuming the financial markets believe that the S&P's downgrade is warranted. Then the diengeade will ____ the cost of financing the go..
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