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An employee is paid $8.80 per hour for a normal work week of 40 hours. During a given week, this employee worked a total of 50 hours. Compute the employees earnings for that week, assuming time and
Suppose that a firm has a marginal tax rate of 44% and an average tax rate of 34%. What would be the tax paid on a new project that will contribute an additional $8781 to the firm's cash flow?
To borrow $2,700, you are offered an add-on interest loan at 6 percent. Three loan payments are to be made, one at four months, another at eight months, and the last one at the end of the year.
If the future value of an ordinary, 8 year annuity is $5,800 and interest rates are 8.0 percent, what is the future value of the same annuity due?
Green Valley Farms uses straight-line depreciation, has a 32 percent tax rate, borrows money at 8 percent, and has sufficient tax loss carryovers to offset any potential taxable income the firm migh
Martha's Pancake House, Inc. just paid its annual dividend of $0.80 a share. The stock has a market price of $13.00 and a beta of 1.04. The return on U.S. Treasury bills is 2.5 percent and the marke
What is the internal rate of return of a project that requires and investment of $1366 today and provides a single cash flow in year 5 of $1945. The appropriate discount rate is 10%.
The bond issue has a face value of $550,000 and a market quote of 98.0. The company's tax rate is 32 percent. What is the firm's weighted average cost of capital?
LSI recently issued $195,000 of perpetual 9% debt and used the cash to do a stock repurchase. Earnings for LSI are anticipated to be $83,000 annually before interest and taxes.
The most likely (with probability 80%) value is 5 years. Assume the heat exchanger has no salvage value at the end of its useful life.
what is the expected future spot exchange rate of the € six years from now? Use European or indirect quotes in your calculations.
while waterskiing at a cost of $10,000, on December 5, 2004 Nick underwent eye surgery at a cost of $5,000, and on January 5, 2005 Brent was treated for a broken leg at a cost of $2,000. How much wi
Use the range of estimates to compute the mean life and determine the estimated before-tax rate of return.
Given the following information, leverage will add how much value to the unlevered firm per dollar of debt? Corporate tax rate: 30% Personal tax rate on income from bonds: 20% Personal tax rate on i
The returns on your portfolio over the last 5 years were -5%, 20%, 0%, 10% and 5%. What is the standard deviation of your return?
Describe how stock prices are determined in stock markets and how derivatives can be used to hedge or speculate on stock prices. Examples should include put and call options and stock index futures.
If you also add another $5,000 to the account one year (12 months) from now and another $7,500 to the account two years from now, how much will be in the account three years (12 quarters) from now?
What challenges is Zappos facing that may derail its attempt to be the best online retailer?
Holden Bicycles has 2,000 shares outstanding each with a par value of $0.50. If they are sold to shareholders at $12 each, what would the capital surplus be?
Would a bank earn more revenue on a $10 million loan by charging 8% compounded quarterly or 7.9% compounded daily, other things being equal? Show all working in your answer.
A bond sells for $951.30 and has a coupon rate of 9.60 percent. If the bond has 13 years until maturity, what is the yield to maturity of the bond?
Calculate the expected share price for FINCORP if it decides to go ahead with the plan and makes an announcement to this effect. Has FINCORP made a positive NPVinvestment decision?