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The year-end balance sheets shows an increase in deferred taxes of $2.6 million to a total of $14.2 million. What is Curative Technologies' after-tax cash flow for last year? Assume a marginal tax r
Waterworks has a dividend yield of 8%. If its dividend is expected to grow at a constant rate of 5%, what must be the expected rate of return on the company's stock?
Mikkelson Corporation's stock had a required return of 13.50% last year, when the risk-free rate was 5.50% and the market risk premium was 4.75%. Then an increase in investor risk aversion caused th
Suppose the September CBOT Treasury bond futures contract has a quoted price of 89-09. What is the annual interest rate inherent in the futures contract?
Which of the following investments offered the lowest overall return over the past eighty years?
Identify the related risk with mutual fund investments. What methods can you use as an investor to reduce your risk level while maintaining a good rate of return on your portfolio?
Identify the factors that determine the values of finance companies. Compare intrinsic and market risk factors and their effects on investment companies' performance.
ABC Wholesalers sells products exclusively to XYZ Retailer. XYZ Retailer buys exclusively from ABC Wholesalers. ABC Wholesalers has a receivables period of 44 days, an inventory period of 8 days, an
Net float is equal to a firm's available balance minus its book balance. 16.
Westlake Industries has total assets of $42.5 million, total debt of $29.3 million, and $2.4 million of 6% preferred stock outstanding. If the company has 250,000 shares of common stock outstanding,
What is the ownership structure at the time of the IPO (who are the primary owners)? Why do the ownership shares not correspond to the initial investments (the ratio of initial investment to ownersh
Electronics, Inc. common stock returned a nifty 22.68% rate of return last year. The dividend amount was $0.25 a share which equated to a dividend yield of 0.84%. What was the rate of price apprecia
Which of the following statements about a not-for-profit firm's cost of capital estimate is most correct?
Which of the following statements about a not-for-profit firm's ownership is most correct?
A financial institution can hedge its interest rate risk by: A. matching the duration of its assets to the duration of its liabilities. B. setting the duration of its assets equal to half that of th
Marcel Co. is growing quickly. Dividends are expected to grow at a 25 percent rate for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. If the required return i
BOOKV has $750,000,000 in total assets, no preferred stock, and total liabilities of $300,000,000. There are 300,000,000 shares of common stock outstanding. What is the book value per share?
West Coast Utilities had a net profit of $900 million. It has 900 million shares outstanding and paid annual dividends of $0.90 per share. What is the dividend ratio?
The MedTech Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million per year.
Critique military's method(s) for granting pay raises. Describe the methods and make recommendations for improvement. Be realistic and consider if and how the difficult economy is impacting your emp
The appropriate discount rate for valuing a financial lease is: A. the firm's after-tax weighted average cost of capital. B. the after-tax required return on assets of risks similar to the leased as
What is the annual tax shield to a firm that has total assets of $80 million and a net worth of $55 million, if the average interest rate on debt is 8.5% and the marginal tax rate is 35%?
What is the price of perpetuity that has a coupon of $50 per year and a yield to maturity of 2.5%? If the yield to maturity doubles to 5%, what will happen to its price?
The risk-free rate of return, rRF, is 11%; the required rate of return on the market, rM, is 14%; and Schuler Company's stock has a beta coefficient of 1.5.