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A bank customer is granted credit for a $2,000 loan at 10% to be repaid in 12 equal installments.
1. If the loan is a discount loan, what are the net proceeds of the loan?
2. If the loan is a discount loan, what is the monthly payment?
3. If the loan quoted has an add-on rate, what is the approximate annual percentage rate (APR) on the loan?
Giant Electronics is issuing 20-year bonds that will pay a semi annual coupon on a face value of $1,000. The coupon rate on the bonds is 7.8 percent per year. If the market rate on these bonds is 7 percent per year, what is the present value of these..
participants in the money markets weighted average returns foreign alternativesconcepts in this casemoney market
You are going to save money for your son’s education. You have decided to place $2,539 every half year at the end of the period into a saving account earning 8.14 percent per year, compounded semi-annually for the next 9 years. How much money will be..
A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 8% coupon rate paid semi annually, and are callable in 5 years at $1050. They currently sell at a price of $1,100. What is the yield to call? What is the yield to maturity?
Explain how a direct installment loan differs from an indirect installment loan.
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 11 percent, and the company just paid a di..
Sun Bank USA has purchased a 16 million one-year Australian dollar loan that pays 12 percent interest annually. The spot rate of U.S. dollars for Australian dollars is $0.6250/A$1. What is the net interest income earned in dollars on this one-year tr..
Acme Inc. plans to issue 10-year, zero-coupon bonds to finance its capital expansion. Acme wants to raise $50 million for the expansion. If the required return on the bonds is 7.4%, how many bonds will the firm have to issue?
Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt. Vandell's debt interest rate is 7%. Assume that the risk-free rate of interest is 6% ..
Prepare an income statement, balance sheet, and statement of cash flows under each of the two options and identify the option that results in financial statements that are more likely to leave a favorable impression on investors and creditors.
Your CEO comes to you armed with the latest earnings results of a major competitor. What message might you provide to your CEO and what type of bias may he be reflecting?
What is the incremental value to shareholders of the cost savings (synergies) projected in this merger? How will the value of synergies be shared in the proposed transaction? (Tax:40%, Discouunt Rate:11%, Year 4 cost saving: 350B, after year 5: perpe..
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