You pay Federal tax at the rate of 32%, and the MA state tax at the rate of 6.25%. It is estimated that the US T-Bill has zero risk of default, the MA municipal has a 1.8% chance of default,and the back CD has a 2.3% chance of default. The quoted yie..
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Lamar Inc. is attempting to raise $5,000,000 in new equity with a rights offering. The subscription price will be $40 per share. The stock currently sells for $50 per share and there are 250,000 shares outstanding. How many rights are needed to buy a..
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Assuming the interest of the only finance charge, how much interest would be paid on a $5000 investment loan to be repaid in 12 in 36 monthly instalments of $166.10? What is the APR on this loan?
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A 10-year annuity pays $2,150 per month, and payments are made at the end of each month. If the interest rate is 12 percent compounded monthly for the first five years, and 8 percent compounded monthly thereafter, what is the present value of the ann..
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Ball Jar has net working capital of $2,710, current liabilities of $3,950, and inventory of $3,420. What is the current ratio? What is the quick ratio?
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On January 1, 2015, Valuation Allowance for Trading Investment has a zero balance. On December 31, 2015, the cost of trading securities portfolio was $64,200, and the fair value was $67,000. Prepare the December 31, 2015, adjusting journal entry to r..
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You have been offered the opportunity to invest in a project that will pay $5,455 per year at the end of years one through three and $11,910 per year at the end of years four and five. If the appropriate discount rate is 18.1 percent per year, what i..
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How many years will it take for a investment to be worth $8,023.53 in the future, with a deposit today of $5,000 at a 6% annual rate of return with semi-annual compounding?
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Explain how your topic is used in global financing operations and describe its importance in managing risks.
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These financial statement items are for below Corporation at year-end, Instructions (a) prepare an adjusted trial balance. Then use adjusted tiral to prepare income statement and a retained earnings statement for the year. Above Corporation did not i..
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PING, INC. projects a rate of return on equity of 20%. Management plans to pay 70% of earnings as dividends. Earnings this year will be $3 per share, and investors expect a 12 rate of return on the stock. Calculate the sustainable growth rate.
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Fatimah and Ahmad, both 30 years old, own a house worth $120,000 and have a yearly income of $50,000, monetary assets of $15,000, two cars worth $30,000, and furniture worth $10,000. The house has a $100,000 mortgage, they have college loans of $15,0..
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