What is the future value of $2,650 per year for 19 years at an interest rate of 6.75 percent?
The semiannual, 8-year bonds of Blum and Blum are selling at…
The semiannual, 8-year bonds of Blum and Blum are selling at par and have an effective annual yield of 8.6285 percent. What is the amount of each interest payment if the face value of the bonds is $1,000?
A 1-year loan of $15,000 is quoted at 6.7 percent plus 3 poi…
A 1-year loan of $15,000 is quoted at 6.7 percent plus 3 points. This loan is to be repaid in one lump sum. What is the actual cost of this loan?
Circus Canine is currently operating at full capacity. The n…
Circus Canine is currently operating at full capacity. The net profit margin and the dividend payout ratio are held constant. Net working capital and fixed assets vary directly with sales. The company currently has current liabilities of $3,950, long-term debt of $14,700, net working capital of $7,850, net fixed assets of $27,600, owners’ equity of $20,750, net income of $2,900, and dividends paid of $870. What is the external financing need if sales increase by 11 percent?
A ______ has all the respective rights and privileges of a l…
A ______ has all the respective rights and privileges of a legal person.
You just invested $49,000 that you received as an insurance…
You just invested $49,000 that you received as an insurance settlement. How much more will this account be worth in 40 years if you earn an average return of 7.6 percent rather than 7.1 percent? (Assume annual compounding.)
Worthy Ware pays a constant dividend of $1.46 per share. The…
Worthy Ware pays a constant dividend of $1.46 per share. The company announced today that it will continue to pay the dividend for another 2 years and then in Year 3 it will pay a final liquidating dividend of $15.25 per share. What is one share of this stock worth today at a required return of 18.5 percent?
Vuong Rentals has sales of $546,000, costs of $295,000, depr…
Vuong Rentals has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 21 percent. The firm paid $59,000 in cash dividends. What is the addition to retained earnings?
Murchison preferred stock pays an annual dividend of $4.45….
Murchison preferred stock pays an annual dividend of $4.45. What is the current price of this stock at a discount rate of 12.5 percent?
You want to have$2.15 million when you retire in 36 years. Y…
You want to have$2.15 million when you retire in 36 years. You feel that you can save $405 per month until you retire. What APR do you have to earn in order to achieve your goal?