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Neubert Enterprises recently issued $1,000 par value 15-year bonds with a 6% coupon paid annually and warrants attached. These bonds are currently trading for $1,000. Neubert also has outstanding $1,000 par value 15-year straight debt with a 8% coupon paid annually, also trading for $1,000. What is the implied value of the warrants attached to each bond? Round your answer to the nearest cent.
$_____
Calculate the firms earnings per share (EPS) for each year, recognising that the number of shares issued has remained unchanged since the firm's inception. Comment on the EPS performance in view of your response to question 1a.
At 6 percent interest, how long does it take to double your money? At 6 percent interest, how long does it take to quadruple it?
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Most of us intuitively understand that a dollar required today does not have the same value as a dollar needed (or utilized) in the future. This is due to several factors including interest rates, compounding factors, discounting factors and financia..
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A person owns a section of farm land and is cash renting it to a long time neighbour who is not a relative. What does this person have to do to get the land designated Qualified Farm Property?
A firm has 2,000,000 shares of common stock outstanding with a market price of $3.00 per share and a book value of $2.25 per share. It has 3,000 bonds outstanding, quoted at 90 percent of par. The bonds mature in 15 years, have a coupon rate of 10% a..
If the promised payment on the bond is the same as the issue price of $100, what is the implied coupon if effective interest rates are 3.0% and the bond has a 1-year maturity?
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