You forecast a company will generate $250 million of free cash flow to the firm (FCFF) next year, grow at 5% per year for the following 2 years, and then slow to a long-run, steady state growth rate of 2% thereafter. You estimate a 10% weighted average cost of capital (WACC) and a 12.5% cost of equity. If the company owes $1.0 billion of debt, what is the estimated value of the firm’s total equity?

You buy a TIPS bond issued at par for $1,000. The bond pays a 3% annual coupon. Inflation turns out to be 2.5% in the first year and 6% in the second year. The total annual coupon income in year 2 is _______ because you locked in a risk-free ________ return.

Assume you sell short 2,000 shares of stock at $275 per share with an initial margin of 60%. At what stock price would you receive a margin call if the maintenance margin is 35%?

The “Days to Cover” measure is most relevant when ________, and it indicates ____________.

Which of the following is not true with respect to interest rate risk?

A 1% rise in yield will have the greatest effect on the price of a bond with a

Which of the following is not a future trend in pulmonary assessment? 

Standardization and validation of wearables measuring cardiovascular data is not needed since it is technology that has been well established. 

Exam Instructions:This exam has a time limit of 120 minutes.This unit exam covers chapters 11-14.The exam will consist of 6 multiple choice questions and two short essay questions.For the Essays: A minimum of 250-word response in which you must cite is required.Paraphrasing is unlimited but no more than two (2) quotes may be used.You are required to use correct MLA in-text citation along with identification of your source (works cited).Failure to cite and identify your source will result in no credit being issued.The exam will STOP and will be FORCE SUBMITTED on the due date and time. 

A newly admitted patient with alcohol withdrawal is showing signs of tachypnea, hypertension, mood swings and anxiety. The nurse knows that the patient is in which stage of withdrawal?