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Your firm invested $2,497,700 in 310-day commercial paper today. At the end of the investment period (in 310 days) the firm will receive $2,596,100.
a. What is the 310-day holding period rate of return on the investment? (Round your answer to 2 decimal places.)
HPR %
b. How many 310-day periods are there in one year? (Use a 365-day year. Round your answer to 4 decimal places.)
Number of periods %
c. What is the annual percentage rate APR earned on the investment? (Round your answer to 2 decimal places.)
APR %
d. What is the effective annual rate (EAR)? (Round your answer to 2 decimal places.)
EAR %
Suppose stocks X, Y and Z have monthly returns distributed uniformly and continuously. The uniform distributions are between -10% and 10% for stock X, between -12% and 8% for Y and between -5% and 10% for stock Z. A fund manager wants to select a sto..
(Cost of debt) Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 8.6 percent annual interest and matures in 15 years. Investors are willing to pay $950 for the bond and Temple faces a tax rate of 31 percent. What is Temple's after-tax..
Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,340,000. The fixed asset falls into the three-year MACRS class (MACRS Table). What is the net cash flow of the project for the fol..
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Form a discussion on the possible determinants of market interest rates. For each determinant offer illustration for when that determinant may tend to be either stronger or weaker and what is the driving force for that differential impact. Describe t..
Project grow will result in an increase of 5,000 units per year at a sale price of $ 11. each (assume 0% inflation). The additional sales will generate additional operating expenditures of 9. Per unit plus 3,000 in fixed operating cost. What is the i..
The City of Eugene has the following balances in the accounts of its capital projects fund at year-end before closing entries. All accounts have normal balances. All amounts are in millions of dollars. Prepare an operating statement for the capital p..
What is project finance?
An investor requires a return of 12 percent of risky securities
You have secured a loan from the bank for two years to build a new business location. The terms of the loan are that you will borrow $125,000 now and an additional $25,000 in one year. Calculate the monthly payments on both loans. Create a spreadshee..
Bubba's Steakhouse has budgeted the following costs for a month in which 1,690 steak dinners will be produced and sold: Materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,510; depreciation, $690; and other fixed costs, $420. Each st..
Bethesda Mining Company reports the following balance sheet information for 2015 and 2016.- Calculate ROE using the DuPont identity.
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