A bond offers a coupon rate of %, paid semiannually, and has a maturity of years. Face value is $1,000. If the current market yield is %, what should be the price of this bond? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57

Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $)   Assets 2016 Cash and securities $  1,554.0 Accounts receivable 9,660.0 Inventories   13,440.0 Total current assets $24,654.0 Net plant and equipment   17,346.0 Total assets $42,000.0 Liabilities and Equity   Accounts payable $  7,980.0 Notes payable 5,880.0 Accruals     4,620.0 Total current liabilities $18,480.0 Long-term bonds   10,920.0 Total liabilities $29,400.0 Common stock 3,360.0 Retained earnings     9,240.0 Total common equity $12,600.0 Total liabilities and equity $42,000.0     Income Statement (Millions of $) 2016 Net sales $58,800.0 Operating costs except depr’n $55,274.0 Depreciation $  1,029.0 Earnings bef int and taxes (EBIT) $  2,497.0 Less interest     1,050.0 Earnings before taxes (EBT) $  1,447.0 Taxes $     314.0 Net income $  1,133.0 Other data:   Shares outstanding (millions) 175.00 Common dividends $   509.83 Int rate on notes payable & L-T bonds 6.25% Federal plus state income tax rate 21.7% Year-end stock price $77.69   Refer to the data for Pettijohn Inc. What is the firm’s market-to-book ratio?

A company has $50 million in common stock, $10 million in preferred stock, and $20 million in outstanding bonds. What is the percentage of debt in this firm’s capital structure? Enter your answer as a percentage, without the percentage sign (‘%’), rounded to 1 decimal. For example, if your answer is 0.0789, that’s 7.9%, so just enter 7.9

Assume a project has a positive NPV, and that its IRR is unique (there is no problem with multiple IRRs). In this case, which one is expected to be higher, the IRR or the MIRR?

Whited Inc.’s stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock’s expected price 5 years from now?

Returns for the Alcoff Company over the last 3 years are shown below. What’s the standard deviation of the firm’s returns? (Hint: This is a sample, not a complete population, so the sample standard deviation formula should be used.) Year Return 2010   21.00% 2009 −12.50% 2008   25.00%

A new project proposal involves an initial investment of $12 million, followed by cash flows of 3, 4 and 7 million. What is the MIRR for this project? The firm’s WACC is 10%. Enter your answer as a percentage, without the ‘%’ sign, and rounded to 2 decimals. For example, if your answer is 0.05678, enter 5.68

Assume a company issued a callable bond with an 8% coupon rate a few years ago. Which of the following changes are likely to prompt the firm to call the bond?

You were hired as a consultant to Giambono Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.00%, the cost of preferred is 7.50%, and the cost of retained earnings is 12.75%. The firm will not be issuing any new stock. What is its WACC?

Stock X has a beta of 0.7 and Stock Y has a beta of 1.7. Which of the following statements must be true, according to the CAPM?