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Asbury Corp. Issued 30 year bonds 11 years ago with a coupon rate of 9.5%. Those bonds are now selling to yield 7%. The firm also issued some 20 year bonds 2 years ago with an 8% coupon rate. The two bond issues are rated equally by Standard and Poor's and Moody's. Asbury's marginal tax rate is 38%.
a) What is Asbury's after tax cost of debt?
b) What is the current selling price of the 20 year bonds?
Describe how the appreciation of Japanese yen against the U.S. dollar would affect the return to U.S. firm that borrowed Japanese yen and employed the proceeds for the U.S. project.
On May 20, 2004, The Wall Street Journal ran a front page story entitled "Biotech's Dismal Bottom Line: More Than $40 Billion in Losses. " The article makes many points.
On average your firm sells $26500 of items on credit each day. Your average operating cycle is 51 days and your firm acquires and sells inventory on average every 19 days. What is your average accounts receivable balance?
Now assume the swap contract start from now on and the current zero rates are in the table below. Compute how much the swap value right now for fixed payment side.
An investor has two bonds in his or her portfolio, Bond C and Z. Each matures in four years, has a face value of $1,000, and has a yield to maturity of 9.6%.
Suppose a project that has the following returns for years 1 to 5: 15%, 4%, -13%, 34%, and 17%. Determine the approximate expected return of this investment?
Shock Electronics sells portable heaters for $25 each unit, and the variable cost to produce them is $17. Mr. Amps estimates that the fixed expenses are $96,000.
Computation of unemployment rate and Assume the share of whites in the labour force is 82% and the unemployment rate
evaluates projects that have above- or below-average risk. Data on the 7 projects are shown below. If these are the only projects under consideration, how large should the capital budget be?
McDonnell Manufacturing is expected to pay a dividend of $1.50 per share at the end of the year. The stock sells for $34.50 per share, and its required rate of return is 11.5 percent.
How are compounding and discounting related? Explain time value of money.
Firm x has sales of 10 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable is two million. Determine the company's DSO,
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