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Sarah’s comprehensive major medical health insurance plan at work has a deductible of $550. The policy pays 85 percent of any amount above the deductible. While on a hiking trip, she contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $9,460. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $3,400. The policy with the stop-loss feature has the same deductible and coinsurance requirement as Sarah's current policy. Determine which policy would have cost Sarah less and by how much. (Round your intermediate calculations and final answer to 2 decimal places.)
Difference amount:
Kathy wants to buy bonds on the market with 10.5 years to remaining maturity, a current yield to maturity of 10%, and current price of 102 (total par - $1,000,000). The bonds make semi annual payments. What must the annual coupon rate be on the bonds..
What is the maximum possible dividend payout rate the firm can maintain without resorting to additional equity issues?
LL Incorporated's currently outstanding 8% coupon bonds have a yield to maturity of 12%. LL believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 30%, what is LL's after-tax cost of debt?..
3 Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5 Cash flows -$750 $300 $310 $320 $330 $340 (Points : 0.42) 2.17 years 2.49 years 2.63 years 2.44 years 2.24 years
What is turnover?
Earth’s Best Company has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $10,000, Calculate the firm’s Return on Equity
Ward Corp. is expected to have an EBIT of $2,550,000 next year. What is the price per share of the company's stock?
Kelso Electric is debating between a leveraged and an unleveraged capital structure. The all equity capital structure would consist of 26,000 shares of stock. The debt and equity option would consist of 15,000 shares of stock plus $250,000 of debt wi..
Your firm has an average collection period of 23 days. Current practice is to factor all receivables immediately at a discount of 1.3 percent. What is the effective cost of borrowing in this case?
You find a certain stock that had returns of 14.4 percent, –22.2 percent, 28.2 percent, and 19.2 percent for four of the last five years. Assume the average return of the stock over this period was 12.4 percent. What was the stock’s return for the mi..
Lear Inc. has $900,000 in current assets, $400,000 of which are considered permanent current assets. In addition, the firm has $700,000 invested in fixed assets. The balance will be financed with short-term financing, which currently costs 5 percent...
On October 1st Martin Corp have the following balance in stockholders’ equity. What are the balances in the three stockholders equity accounts after the new shares have been distributed? What, if any, is the new par value?
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