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What is the discount yield, bond equivalent yield and effective annual return on a $1 million Treasury bill that currently sells at 97 3/8 percent of its face walue in 65 days from maturity.
Liquidity ratios: Flying Penguins Corp. has total current assets of $11,845,175, current liabilities of $5,311,020, and a quick ratio of 0.89. What is its level of inventory?
Temple Manufacturing has three divisions. Division A has been in existence the longest and has the most stable sales. Division B has been in existence for ten years and is slightly less risky than t
Identify the beta listed for a food service (restaurant) company called P.F. Chang's Bistro, stock symbol PFCB. According to Yahoo! Finance, what is PFCB's beta?
Sander's Supplies has paid a constant dividend of $2.15 a share for the past 20 years. Yesterday, the firm announced that the dividend will increase next year by 5 percent and will stay at the level
Explain the relevance of DRG analysis as tool that drives cost and affects management decisons in healthcare.
Scorch & Burn Fire Extinguishers, Inc. had an operating income (EBIT) of $260,00 last year. The firm had $18,000 in depreciation expenses, $15,000 in interest expenses and $60,000 in selling, ge
A US based multinational company has two subsidiaries, one in Mexico and one in Japan. Forecasts of business operations indicate the following short-term financing position for each subsidiary
The company has $200 million of long-term debt plus preferred stock, and it has 50 million shares of common stock outstanding. What is Petry's estimated intrinsic value per share of common stock?
Clinton company is financed 40 percent by equity and 60 percent by debt if the firm expects toeard 20 million in net income and retain 40 percent pf it, how large can the capital budget be before co
Determine the effective price at which you purchased your sugar. How do you account for the difference in amounts for the spot and hedge positions? Describe the nature of the basis risk in the long
Other payments for wages, rent, and taxes are constant at $500 per month. Construct a single month's cash budget with the information given. What is the average cash gain or (loss) during a typical
On average, Bragg Inc. has sales of $2,000,000 per month. It keeps inventory equal to 50% of its monthly sales on hand at all times. Based on using a 365-day year, what is the inventory conversion p
What are two principles of financial management that you will likely use in your future career? How will you use them, and why are they important? Explain your answer.
Assume that you live on the investment income from your portfolio and that you want to maintain a constant standard of living. Is your portfolio truly riskless and can you develop a risk free asset?
Gary Whitmore is a high school sophomore. He currently has $7,500 in a money market account paying 5.65 percent annually. He plans to use this and his savings over the next four years to buy a car a
The company's director of capital budgeting has determined that the optimal capital budget for the coming year is $6,000,000. If Plato follows a residual dividend policy to determine the coming year
What is the conversion price, CP, and the conversion value of the bond? You will receive 10 points each for the correct calculation of the conversion price and conversion value all work must be show
Determine the current market value of the bond if your required rate of return is 14%. Holding everything constant and assuming that the coupon is paid on a semiannual basis, what is the intrinsic va
Compute the following ratios for 2002 and 2003. Use the Landry's Restaurants financial statements located in Appendix A of Fundamentals of Financial Accounting:
One of a situation where a financial decision should be evaluated on a future value basis (compounding) and one that should be evaluated on a present value (discounting) basis.
Compute the appropriate yield to (formula 11-1) on the old issue and use this as the yield for the new issue. b. Make the appropriate tax adjustment to detemine the aftertax cost of debt.
Fletcher Corp. has a capital budget of $1,000,00, but it wants to maintain a target capital structure of 60% debt and 40% equity. The company forecasts this year's net income to be $600,000. If the
A consultant for DRK estimates that about 74% of DRK's shareholders will take part in this plan. This is somewhat higher that the average. Evaluate DRK's dividend reinvestment plan. Will it increase
Given the holding-period returns shown here, compute the average returns and the standard deviations for the Zemin Corporation and for the market.