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1. Which of the following statements is true with respect to the general structure of a corporation?
A. The corporation is treated as a legal person with rights and obligations jointly shared with its owners and managers.
B. Shareholders establish corporate policies and elect or appoint corporate officers.
C. A corporation is governed by shareholders who elect a board of directors and approve fundamental changes in its structure.
D. The board of directors is responsible for carrying out the corporate policies in the day-to-day management of the organizations.
2. Kiss the Sky Enterprises has bonds on the market making annual payments, with 13 years to maturity, and selling for $850. At this price, the bonds yield 7.8 percent. What must the coupon rate be on the bonds? please show work and financial calculator steps
a) 5.92%
b) 6.02%
c) 6.97%
d) 11.85%
e) 7.80%
Mojito Mint Company has a debt–equity ratio of .30. The required return on the company’s unlevered equity is 13 percent, and the pretax cost of the firm’s debt is 7.8 percent. Sales revenue for the company is expected to remain stable indefinitely at..
If the expectations theory of the yield curve is correct, what is the market expectation of the price that the bond will sell for next year?
you need to accumulate $74,900 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 10 years. The savings account pays 3,44 percent per year, compounded annually. How much will each annual paym..
Assume that you are the chief financial officer at Porter Memorial Hospital. The CEO has asked you to analyze two proposed capital investments – Project X and project Y. Calculate each project’s payback, NPV and IRR Insert your response here. Which ..
Suppose you are going to receive $14,200 per year for six years. The appropriate interest rate is 9.3 percent. What is the present value of the payments if they are in the form of an ordinary annuity? What is the present value if the payments are an ..
Boyd & Bunge Inc. has earnings before interest and taxes of $149,000. Both the book and the market value of debt is $265,000. The unlevered cost of equity is 13.5% while the pre-tax cost of debt is 9%. The tax rate is 34%. What is Boyd & Bunge’s weig..
You borrow $100,000 at an interest rate of 12% compounded semi annually on January 1st, 2005. The loan terminates on December 31st, 2008. The loan terms call for interest payments every six months (at the end of each period) for the next 3 years and ..
What would John have in the bank at the end of three years, if the annual effective rate of interest were (i + 8%) for each of the three years?
Susan Smith and her 15 year old daughter, Sabrina, decided to go apple picking on a beautiful fall day. While driving eastbound on the Long Island Expressway, the sun was glaring and the traffic came to an abrupt stop. Susan, unable to stop in time, ..
Suppose the U.S. Treasury issued $50 billion of short-term securities and sold them to the public. Other things held constant, what would be the most likely effect on short-term securities' prices and interest rates?
Which one of the following statements about debt and equity is correct?
How much better (or worse) is the expected return on the stock compared to what it should be according to the CAPM?
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