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Quigley Inc. is considering two financial plans for the coming year. Management expects sales to be $300,000, operating costs to be $265,000, assets to be $200,000, and its tax rate to be 35%. Under Plan A it would use 25% debt and 75% common equity. The interest rate on the debt would be 8.8%, but under a contract with existing bondholders the TIE ratio would have to be maintained at or above 3.2. Under Plan B, the maximum debt that met the TIE constraint would be employed. Assuming that sales, operating costs, assets, the interest rate, and the tax rate would all remain constant, by how much would the ROE change in response to the change in the capital structure?
Answer 7.10%7.40%8.21%8.73%7.25%
You have made regular monthly payments and periodic repairs that have kept the book value of your home at $200,000. Assuming the home is your only asset, what is your book debt-asset ratio?
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Compute the platinum & Steel Products's return on equity.
Using the companies selected for the Review of Financial Statements Paper, make a summary comparing the companies two most recent fiscal years based on;
Generic Inc. issued bonds in 1988 that will mature 16 years from today. The bonds pay a 14.375% coupon and the interest is paid semiannually. The bonds' current price is $1,508.72. What is the yield to maturity on the bonds?
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