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A 2-year maturity bond with face value of $1,000 makes annual coupon payments of $92 and is selling at face value. What will be the rate of return on the bond if its yield to maturity at the end of the year is (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Lang Industrial Systems Company (LISC) is trying to decide between two different conveyor belt systems. System A costs $200,000, has a four-year life, and requires $65,000 in pretax annual operating costs. Calculate the NPV for both conveyor belt sys..
If the standard deviation of Euro percentage changes is 10% annualized, what is the appropriate standard deviation to use for assessing the risk on a 1-month investment? Next, assuming an expected percentage appreciation for Euro of 3% per year (0.25..
KIC, Inc., plans to issue $5 million of bonds with a coupon rate of 8 percent and 30 years to maturity. The current market interest rates on these bonds are 7 percent. If the bonds are noncallable, what is the price of the bonds today? If the bonds a..
What would your finance manager say? Corporations can generate capital by either selling stock or borrowing money. A firm can borrow directly from a bank or issue bonds. Assume that you were one of the founders of a small business start-up corporatio..
You own a portfolio that is 27 percent invested in Stock X, 42 percent in Stock Y, and 31 percent in Stock Z. The expected returns on these three stocks are 12 percent, 15 percent, and 17 percent, respectively. What is the expected return on the port..
Suppose a firm has a preferred stock that pays a $10 annual dividend (no growth expected in this payment) and currently sells for $90.00 per share. If it plans to issue more preferred shares paying the same dividend but also needs to incur a floatati..
On July 1, 2012, Watson Company received a $20,000 promissory note for services from Jeffs Company. The annual interest rate is 5%. Principal and interest are paid in cash at the maturity date of June 30, 2013. Assets decrease and owners' equity decr..
Sean purchased 100 shares of Toyota stock at a price of $151.68 three months ago. He sold all stocks today for $155.15. During the period in question, the stock paid dividends of $5.18 per share. What is Sean's annualized holding period return (annua..
Stock in CDB Industries has a beta of .99. The market risk premium is 7.4 percent, and T-bills are currently yielding 4.4 percent. CDB’s most recent dividend was $2.80 per share, and dividends are expected to grow at a 5.4 percent annual rate indefin..
Let V be a vector space with dimension n > 0. If i is an integer such that 0 % i % n, prove that V contains at least one subspace U such that dim (U) = i.
Whitewater Co. is a U.S. company with sales to Canada amounting to C$8 million. Its cost of materials attributable to the purchase of Canadian goods is C$6 million. Its interest expense on Canadian loans is C$4 million. Given these exact figures abov..
Bourdon Software has 11.4 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 108.5 percent of par. What is the current yield on the bonds? What is the effective annual yield?
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