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You need $28.974 at the end of 10 years, and your only investment outlet is an 8% long term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use Appendix B and Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator method.
a. What single payment could be made at the beginning of the final first year to achieve this objective? ((Do not round intermediate calculations. round your final answer to 2 decimal places).
Single payment made $...................
b. What amount could you pay at the end of each year annually for 10 years to achieve this same objective/. (Do not round intermediate calculations, Round your final answer to 2 decimal places).
Amount to be paid $..................
Using the rule of 72 answers the following questions. a. In how many years will it take income to double if it is rising each year by 1 percent? 2 percent? 4 percent? b. A country’s income begins at $10,000 and rises to $20,000 in 18 years. What is t..
You will analyze three different stocks, all of which have a required return of 20% and a most recent dividend of $3.50 per share. Stocks A, B, and C are expected to maintain constant growth rates in dividends for the foreseeable future of 12%, 0%, a..
Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,430,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worth..
Explain the relationship between financial information and the financial condition of an organization. In other words, why are financial ratios and financial statements used to evaluate the health of an organization?
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in the offering at a subscription price of $61. The next morning, you notice that the stock sells for $70 per sh..
Your firm is considering a project with a five-year life and an initial cost of $120,000. The discount rate for the project is 12%. The firm expects to sell 2,100 units a year. The cash flow per unit is $20. The firm will have the option to abandon t..
After Bear Stearns collapsed in the spring 2008, the FDIC insured the liabilities of all money market funds at $1 per share plus accrued interest. In autumn 2007, Bear Stearns began to replace unsecured commercial paper with tri-party repo borrowing ..
MV corporation has debt with Market value of $100 million, common equity with a book value of $100 million, and preferred stock woth $20 million outstanding. Avicorp has a $10 million debt issue outstanding, with a 6% coupon rate. The debt has semian..
Ume that the average firm in your company’s industry is expected to grow at a constant rate of 6% and that its dividend yield is 7%. Your company is about as risky as the average firm in the industry and just paid a dividend (D0) of $1. What is requi..
An investment bank pays $32 per share for 3.0 thousand shares of CZS Company in a firm commitment stock offering. It then can sell those shares to the public for $35 per share. A. How much money does CZS receive? B. What is the profit to the investme..
Al’s Infrared Sandwich Company had a book value of $20.00 at the beginning of the year, and the earnings per share for the past year were $6.50. Molly Miller, a research analyst at Miller, Moore & Associates, estimates that the book value and earning..
Find the Annual equivalent cost for the the following two alternatives and show all work.
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