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About a year ago, Ramon Navarrete bought some shares in the Saphire Lake Mutual Fund. He bought the fund at $25.00 a share, and it now trades at $26.00. Last year the fund paid dividends of 60 cents a share and had capital gains distributions of $2.70 a share.
1. Using the approximate yield formula, what rate of return did Ramon earn on his investment? Round the answer to two decimal places.
2. Repeat the calculation using a handheld financial calculator. Round the answer to two decimal places.
3. Would he have made a 20% rate of return if the stock had risen to $30 a share?
General Mills has a $1,000 par value, 12 year bond outstanding with an annual coupon rate of 3.60% per year paid semi annually. Market interest rates on similar bonds are 12.70%. Calculate the bonds price today.
A 8.7 percent coupon bond with 19 years left to maturity is priced to offer a 6.85 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.5 percent. What would be the total return of the bond in dollars? What would b..
Silver Dart Lodge Inc. sold an issue of 25-year, $1,000 par value bonds to the public. The bonds has a 7.25% coupon rate and pays interest annually. The current market rate of interest on the Silver Dart Inc. bonds is 6.5%. What is the current market..
You enter into an automatic savings plan with RBC where $1250 is deducted from your paycheck at the end of each quarter starting on March 31, 2014 (first payment) to December 31, 2019 (last payment). If the account pays 8% (APR, monthly compounded), ..
Consider the following information about three stocks: State of Probability of Rate of Return if State Occurs Economy State of Economy Stock A Stock B Stock C Boom 0.3 0.2 0.25 0.60 Normal 0.45 0.15 0.11 0.05 Bust 0.25 0.01 -0.15 -0.50 a. What are th..
During the financial crisis of 2007-2009, why did the Fed turn to quantitative easing? How has the policy of quantitative easing raised concerns of higher inflation rates in the future?
John Doeber borrowed $160,000 to buy a house. His loan cost was 6% and he promised to repay the loan in 15 equal annual payments. How much are the annual payments?
The common stock of Answers Co. is currently trading at $58.1. The company just paid a $2.9 dividend to its shareholders, and targets a 4.7 percent growth rate in its dividends year over year. What is the discount rate that the market is using to pri..
You have been managing a $5 million portfolio that has a beta of 1.00 and a required rate of return of 12%. The current risk-free rate is 5.00%. Assume that you receive another $500,000. If you invest the money in a stock with a beta of 0.70, what wi..
Using the high-low method, what is the variable cost per unit? Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $178,300, how many dollars of revenue must the company generate in order to reach the break-even point?
The unused portion of a firm s credit line is usually discussed in which part of the annual financial statement? A "clean up" period is _____.
its hypothetical sales in Eastern Europe in 2053
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