What is the maximum line of credit you can get

Assignment Help Financial Management

Reference no: EM132062996

1. You apply for a home equity loan. The lender gets an appraisal on your home, showing a value of $183,500. You have a first mortgage with a current balance of $87,435. Based on a 75% LTV ratio, what is the maximum line of credit you can get?

2. Assume you buy 100 shares of stock at a price of $63.75 per share and incur brokerage fees of $200. You own the stock for 5 years and receive dividends of 50 cents per share at the end of each quarter. Immediately after receiving the 20th quarterly dividend, you sell the stock at a price of $48.63 per share and incur brokerage fees of $200. Calculate your rate of return. (IRR)

Reference no: EM132062996

Questions Cloud

Describe the implications of being noncompliant : Analyze whether the code of ethics is lacking in the area of corporate social responsibility.

Main functions of proposed information system : 1. Identify the main functions of your proposed information system and why they are important to the business.

Determine which areas of the firm need further analysis : Construct the DuPont system of analysis using the following financial data for Key Wahl Industries and determine which areas of the firm need further analysis.

How much annual interest will be received : How much did Rob pay for the bond? How much annual interest will be received?

What is the maximum line of credit you can get : You have a first mortgage with a current balance of $87,435. Based on a 75% LTV ratio, what is the maximum line of credit you can get?

Prepare a time schedule for your activities : MGT726 Managerial Project - What specific subject area of business management are you investigating - Prepare a time schedule for your activities

Describe the equipment to be utilized : Describe the equipment to be utilized, such as truck trailer-on-flatcar, container-on-flatcar, or intermodal-surface containers.

How much do you have to deposit each month to reach goal : You are 23 years old. You want to provide income for your retirement years. How much do you have to deposit each month to reach this goal?

What is operating cash flow and capital structure : What is Operating Cash Flow. What is Capital Structure

User Account

All Pages