Suppose there are 80 raccoons living in an area of woods.  If the raccoon population increases exponentially at a rate of 12% per month, how many raccoons will there be in 6 months?  Round your answer to the nearest whole raccoon.

5: Preferred Stock (25 points) Answer the following Preferred Stock questions in Excel and submit into Canvas. Extra Special Corporation issued preferred stock in 2014 that had a par value of $75. The stock pays a dividend of 4.2%. Assume that the markets required yield (required rate of return) is 6.5%, and the current price of the preferred stock is $44.75. i. What is the value of the preferred stock? ii. What is the expected rate of return of the preferred stock? iii. Would you purchase the preferred stock for $44.75 if your required rate of return was 6.5%? Explain. Complete in Excel and upload at the end of the exam.

7: Common Stock, Part B (28 points) Answer the following in Excel and submit into Canvas. Universal Super Company (“USC”) paid a common stock dividend of $2.10 per share this year. USC plans to increase its common stock dividend by 1.2% next year, then increase its dividend by 3.5% per year for each of the next two (2) years, and finally settle on a dividend growth rate of 4.7% for the rest of the company’s life. If investors in companies of similar risk require a 9.5% rate of return, what is the value of USC common stock today? Complete in Excel and upload at the end of the exam.

You loan your friend $1,500, and ask them to pay you back at 5% simple interest after 1.5 years.  How much interest will they owe?

A shell is fired from an observation tower.  Its height in feet after t seconds can be found using the formula h(t)=-16t2+40t+96. After how many seconds will the shell reach its maximum height?

You earn $84,000, and your spouse earns $73,000.  If you file taxes together using the standard deduction, how much will be your total tax liability?

Disease X involves non-functioning Schwann cells. Which of the following will occur in patients who have disease X?

Which of the following is/are TRUE regarding neurotransmitter release?  

14. The reserve requirements and discount rates affect M2 but do not have much impact on M1.

A shell is fired from an observation tower.  Its height in feet after t seconds can be found using the formula h(t)=-16t2+40t+96. What will be the maximum height the shell reaches, in feet?