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Unique Jewelers has the following equity account balances: common stock of $40,000 with a $1 par value, capital surplus of $260,000, and retained earnings of $411,000. The stock has a market value of $52 a share. Assume the firm does a 3-for-2 stock split. How many shares of stock will be outstanding after the split? (Hint: Before the split, number of shares outstanding = book value of common stock / par value per share.)
In 1970, Wal-Mart offered 300,000 shares of common stock to the public at a price of $16.50 per share. The stock is now worth $10,887,600.00 (2010). What is the rate of return over the 40 year period?
A company's required rate of return is 9.5%, and last year the company generated $245.0 million of cash. If the company's cash flows will remain at $245.0 million forever, what is the company's value? If the company's cash flows grow at 3.5% forever,..
Carlos expects to receive $10,000 five years from now. Carlotta expects to receive $10,000 three years from now. Which one of the following statements is correct if both Carlos and Carlotta apply a 6 percent discount rate to these amounts?
Lester Enterprises' comparative balance sheets included inventory of $90,200 at December 31, 2013, and $70,600 at December 31, 2014. What is the amount of cash payments for inventory that Lester will report in the Operating Activities section of its ..
A company has a minimum required rate of return of 9%. It is considering investing in a project that costs $175,000 and is expected to generate cash inflows of $70,000 at the end of each year for 3 years. The approximate net present value of this pro..
Five years ago, ABC Company invested $55,638 in a machinery. The investment in net working capital was $9,468 which would be recovered at the end of the project. Today, ABC Company is selling the machinery for $16,277. The book value of the machinery..
A Treasury bond with the longest maturity (30 years) has an ask price quoted at 97:01. The coupon rate is 2.60 percent, paid semiannually. What is the yield to maturity of this bond?
Grenville common stock had a 12.25 percent rate of return last year. The fixed annual dividend is $.65 a share, which equates to a dividend yield of 1.6 percent. What was the rate of price appreciation on the stock?
You are provided with the following four cash flows: Option A: $20,000 received 5 years from now. Interest is compounded annually. Option B: $3,000 received at the end of each year for the next 5 years. Interest is compounded annually.
Jackson corporation's bonds have 12 years remaining to maturity. interest is paid annually, the bonds have a $1000 per value, and the coupon interest is 8%. the bonds have a yield to maturity of 9%. what is the current market price of these bonds?
Business Organizations – Georgio’s Fashions is a business established in Little Rock, Arkansas. In each of the following situations, determine whether Georgio’s is a sole proprietorship, a general partnership, a limited partnership, a limited liabili..
Deng Inc. has a target debt-equity ratio of 0.4. It’s before-tax cost of equity is 16 % and it’s before-tax cost of debt is 8%. If the tax rate is 32%, what is Deng’s WACC?
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