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1. All Rite Co. has arranged a line of credit of $225,000 with an interest rate of 8.25 percent and a compensating balance requirement of 1.5 percent, which is based on the total amount borrowed. Assume the firm uses this source of funding to purchase a $167,000 piece of equipment and repays the loan in a lump sum at the end of one year. What is the effective interest rate?
2. Graser Trucking has $10 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 12%, and its return on assets (ROA) is 6%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.
Info Technics Inc. has total assets equal to $1,000,000. The firm’s total equity equals $500,000. What is the firm’s total debt to total capital ratio?
The following events occur in the market for good B, which is a normal good: Identify the impact of the event to the equilibrium price and quantity of each event.
Inline Incorporated manufactures skates and equipment for in-line skating. The company offers a one-year warranty on all products. During 2012, the company recorded net sales of $3,887.4 million. How should Inline account for warranty claims? Calcula..
A fund has $829 million dollars of assets, $27 million of liabilities, and 13 million shares outstanding. During the year the fund made qualified dividend distributions of $2.8 per share, long term capital gains distributions of $1.9, and short-term ..
From the Federal Reserve Bank of St Louis you collect the following data: In real terms, in what year was crude oil was more expensive? Show your calculations and provide a brief explanation.
Formulate the situation as a system of two linear equations in two variables.
Thatcher Corporation’s bonds will mature in 10 years. The bonds have a face value of $1000 and an 8% coupon rate, payable semiannually. The price of the bonds is $1100. The bonds are callable in 5 years at a call price of $1050. What is their yield t..
A manufacturer of aerospace products acquired a new multispindle, multi-turret turning center for $250,000. The machine will generate new revenue of $80,000 per year. Now, suppose that the project duration is 5 years and that an estimate of the value..
Fund manager John Smith hopes to buy a corporate bond to maximize his portfolio’s return. The one-year zero-coupon bond that John is considering has a default probability of 30%. What is the risk-neutral price of the insurance contract?
The growth rate in dividends for all three companies is 4 percent. What is the stock price for each company?
Three hundred shares of stock are purchased on margin at a price of $42 per share plus $150 in brokerage commissions at a time when the margin requirement is 50 percent. How much additional cash would you need to deposit with your broker if the price..
Digging Deep Company's common stock is currently selling for $144.87 per share. What rate of return does the investor expect to receive on this stock
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