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Assume that a population is normally distributed with a mean of 100 and a standard deviation of 15. Would it be unusual for the mean of a sample of 3 to be 115 or more? Why or why not?
A) What if the size for each sample was increased to 20? Would a sample mean of 115 or more be considered unusual? Why or why not?
B) Why is the Central Limit Theorem used?
Ross's Lipstick Company's long-term debt agreements make certain demands on the business. For example, Ross may not purchase treasury stock in excess.
Your uncle promises to give you $550 per quarter for the upcoming five years starting today. How much is his promise worth right now if the interest rate is 8% compounded quarterly?
Each bond has 45 warrants attached to it. The yield of the firm's bonds with no warrants is 16%. The market value of each warrant is $3.00. If Target wants to sell the bonds with warrant at par, what should be the annual coupon rate?
Discuss the agency transaction (brokerage) and the principle transaction (dealer) that is involved in trading. What determines profits in each activity?
Find the interest rate (to the nearest hundredth) on a $3400 Certificate of Deposit if the interest paid in 9 months is $150.37.
The firm borrowed 80 percent of the refurbishment cost at 9.2 percent interest for five years. What is the amount of each monthly payment?
What is the affordable monthly mortgage payment if your annual gross income is $60,000 and monthly payments on an auto loan are $400?
The rates of return on alternatives X and Y are 15% and 20%, respectively. Alternative Y requires a larger investment than alternative X.
Briefly describe how budgets are used in operational plans.
What is MPI's times-interest-earned (TIE) ratio? Do not round intermediate calculations. Round your answer to two decimal places.
Determine the yield to maturity on a 10-year 6% bond selling at par if the going rate (current interest rate for newly issued bonds of the same quality rating) is 6%? This is a think question; not a calculation question.
On Day's October 31, 2015, balance sheet, the principal amount of the lease obligation was
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