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Solve the following:
Part a. Debra wins $200,000 in a lottery. She takes only $20,000 in cash and invests the balance at a rate of interest of 10% pa, with interest compounded on a monthly basis, on the understanding that she will receive 160 equal monthly payments with the first one to be made in 2 years. Find the size of the payments.
Part b. An investment firm (Firm A) pays 10% interest per annum, compounded on a quarterly basis. To remain competitive, the investment manager of another firm (Firm B) is willing to match the interest rate offered by Firm A, but interest will be compounded on a monthly basis. What nominal rate of interest must Firm B offer to its clients ?
Write all the formulas and explain your answer.
You are the manager of a grocery store and you are considering offering baby-sitting services to your customers. You estimate that the licensing.
The probability of an engine's failing during a 30-day acceptance test is 0.3 under adverse environmental conditions. Eight engines are included in such a test. What is the probability of (i) none will fail and (ii) more than half will fail.
What is the effective rate of interest on a savings account that pays you 3% compounded monthly?
What is the Cash Conversion Cycle (CCC)? Name the components of the CCC and explain why the CCC is important to business.
X comapny is planning the pruchase of one of two microfilm cameras, R and S. Both should provide benefits over a 10-year period, and each requires an initial investment of $4,000.
Assume investors have mean-variance utility preferences
Compute the coefficient of variation for the Knight Corporation before and after the merger.
How much more will Donald earn if he decides to reinvest the interest rather than withdrawing the interest income each year?
The current yield to maturity on such bonds in the market is 10 percent. Compute the price of the bonds for these maturity dates:
Can the risk of a portfolio be greater than the individual risk of each of the securities it contains? Under what circumstances?
What coupon interest rate must the company set on the bonds with warrants if they are to clear the market? The convertible bond should have an initial price of
An investment that you are considering promises to pay $2,000 semiannually for the next two years, beginning six months from now.
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