You want to have$3.15 million when you retire in 35 years. You feel that you can save $775 per month until you retire. What APR do you have to earn in order to achieve your goal?

Braxton’s Cleaning Company stock is selling for $32.25 per share based on a required return of 10.5 percent. What is the the next annual dividend if the growth rate in dividends is expected to be 4.1 percent indefinitely?

Your employer contributes $75 at the end of each week to your retirement account. The account will earn a weekly interest rate of .16 percent. How much will the account be worth when you retire in 40 years?

Stone Walls has a long-term debt ratio of .6 and a current ratio of 1.2. Current liabilities are $800, sales are $7,800, the net profit margin is 6.5 percent, and return on equity is 15.5 percent. What is the amount of the firm’s net fixed assets?

Travis International has a one-time expense of $1.13 million that must be paid two years from today. The firm can earn 4.3 percent, compounded monthly on its savings. How much must the firm save each month to fund this expense if the firm starts investing equal amounts each month starting at the end of this month?

Wood Recovery has sales of $397,000, total assets of $225,000, and total debt of $101,700 million. The net profit margin is 6.2 percent. What is the return on equity?

You have some property for sale and have received two offers. The first offer is for $89,500 today in cash. The second offer is the payment of $35,000 today and an additional guaranteed $70,000 two years from today. If the applicable discount rate is 11.5 percent, which offer should you accept and why?

Protective covenants:

Fifth Fourth National Bank has a savings program which will guarantee you $10,000 in 10 years if you deposit $75 per month. What APR is the bank offering you on this savings plan?

Chavez & Hwang just issued 15-year, 6.4 percent, unsecured bonds at par. These bonds fit the definition of which one of the following terms?