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Question -
(a) Jocelyn has just bought a 4% bond that pays quarterly coupons with $1,000 face value and 5 years to maturity.
(i) If the yield (APR) of the bond was 6%, what was its purchase price?
(ii) If the bond's YTM (APR) drops to 5% six months later and Jocelyn sells it immediately after receiving the coupon for the quarter, calculate the 6-month capital gains yield.
(b) ABC Ltd. has just distributed a dividend of $4. It is expected that the company will increase its dividend by 18% in the coming year, and 12% in the second year and third year. Starting from the fourth year, the company will maintain the dividend growth rate at 10% per year forever. How much would Stock ABC be worth today if its yearly required rate of return is 12%?
An 8-year debenture of $1000 face value with12% coupon is currently selling for $1,021.84. Find the yield to maturity (YTM) of this bond.
What is Jake and Anna Green's adjusted gross income? What is Jake and Anna Green's taxable income? What is Jake and Anna Green's income tax owed?
Dalton Construction Company contracted to build a bridge for $8,000,000. Construction began in 2014 and was completed in 2015. Data related to the construction are: How much gross profit should be reported for 2015?
Determine the cost of goods manufactured during the current year. direct materials used: $20,200 direct labor used: $25,700 factory overhead: $49,100 beginning work in process: $11,900 ending work in process : 12,500
Of the following 5 Audit tests (Risk Assessment Procedures, Test of Controls, Substantive Tests of Transactions, Analytical Procedures, and Tests of Details).
Alpha stock has an expected return of 12.25 percent. The beta of the stock is 1.15 and the risk-free rate is 5 percent. What is the market risk premium?
There is a $100 12-year semi-annual payment bond with coupon rate 6% p.a. If the current price is 101, what is the value of the yield to call per annum
Nelson, Parker, and Rice are partners who share profits 4:3:3, respectively. Parker decides that it would be more profitable for him to operate as a sole proprietor. Nelson and Rice are in agreement that life would be more rewarding if Parker were to..
Discuss why the cost of equity is greater than the cost of debt and do you agree to the suggestion of management to issue debt to finance the RM 20 million
Jamal and Tamara Brown are the sole shareholders of Offshore Development, Inc., an S corporation. Last year, Offshore Development employed the Brown's son, Jason, and paid him a $60,000 salary. During a recent IRS audit, the revenue agent discovered ..
August 15, 2019, when the stock's market price was P150 per share. What amount should Kate credit to share premium for this stock dividend?
Assume that no correcting entries were made at December 31, 2010, or December 31, 2011 and that no additional errors occurred in 2012. Ignoring income taxes, by explain how much will working capital at December 31, 2012 be overstated or understate..
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