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Question: "I don't care how rich the very rich are. I care if they became rich in an unethical way, or if they use their riches in a particularly vulgar or revolting way. I wouldn't mind if they lost [their wealth] or had it taxed away. But I don't mind if they keep it either. But I do find poverty of the very poor unlovely. That condition deserves, in my opinion, our most intensive care. I believe that the present focus on inequality of income diverts national attention from it" [Stein, 1996, p. A14]. Do you agree with this statement? Is it consistent with utilitarianism?
Mrs.Tong makes semi-annual deposits into a fund earning interest at j2 =8%p.a. Her first deposit is $2500 and each succeeding deposit is 6% higher than preceding deposit. What is the accumulated value of her fund immediately after her 15th deposit..
what is the present value of the cash flow stream that the company is offering you? (Round answer to the nearest whole dollar, e.g. 5,275.) Present value $
in a typical month the jeremy corporation receives 80 checks totaling 156000. there are delayed four days on average.
feeback corporation stock currently sells for 78 per share. the market requires a return of 9.4 percent on the firms
mustard patch doll company needs to purchase new plastic moulding machines to meet the demand for its product. the
What is meant by "net proceeds" on the statement of cash flow? What is the difference between "net" and "gross"?
The firm's marginal tax rate is 40 percent, and its required rate of return is 12 percent. Should the new packing machine be purchased?
To maintain the present capital structure, how much of the new investment must be financed by common equity? Assume that there is sufficient cash flow such that Tysseland can maintain its target capital structure without issuing additional shares of ..
Banco Herrero wants to make a bid-ask spread of 0.55 percent on its foreign exchange transactions. If the ask rate on the Mexican peso (MP) is MP10.4192/$, what does the bid rate have to be? (Do not round your intermediate calculation. Round your ..
These are possible exposure: 1.Economic exposure 2.Transaction exposure 3. Translation exposure
If you have a portfolio with a market value of $1,000,000 and a beta (measured against the S&P 500) of 0.7, then if the market rises by 9.6 percent, what value would you expect your portfolio to have?
What is the after-tax cost of preferred stock that sells for $10.00 per share and offers a $1.20 dividend when the tax rate is 35%?
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