2 Pages

#### Solution to FM12 Ch 21 P08 Build a Model

Course: FI 515, Spring 2011

School: DeVry Houston

Word Count: 403

Rating:

###### Document Preview

1 A 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 B C D E F G H Chapter 21. Solution to Ch 21-08 Build a Model Niendorf Incorporated needs to raise \$25 million to construct production facilities for a new type of USB memory device. The firm's straight nonconvertible debentures currently yield 9%. Its stock sells for \$23 per share and has an expected constant growth rate of 6%....

##### Unformatted Document Excerpt
Coursehero >> Texas >> DeVry Houston >> FI 515

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

1 A 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 B C D E F G H Chapter 21. Solution to Ch 21-08 Build a Model Niendorf Incorporated needs to raise \$25 million to construct production facilities for a new type of USB memory device. The firm's straight nonconvertible debentures currently yield 9%. Its stock sells for \$23 per share and has an expected constant growth rate of 6%. Investment bankers have tentatively proposed that the firm raise the \$25 million by issuing convertible debentures. These convertibles would have a \$1,000 par value, carry a coupon rate of 8%, have a 20-year maturity, and be convertible into 35 shares of stock. Coupon payments will be made annually. The bonds would be noncallable for 5 years, after which they would be callable at a price of \$1,075; this call price would decline by \$5 per year in Year 6 and each year thereafter. For simplicity, assume that the bonds may be called or converted only at the end of a year, immediately after the coupon and dividend payments. After convertible bonds were eligible to be called, management has called them in the past (and presumably it will call them again in the future) when the bonds' conversion value was at least 20% above the bonds' par value (not their call price). Amount to raise Straight bond yield Stock price now Growth rate Convertible par value Maturity Coupon (years) Convertible into n shares Call protection (years) Call price Call price decline per year after protection \$25,000,000 9% \$23.00 6% \$1,000.00 8.00% 20 years 35 shares 5 years \$1,075.00 \$5.00 per year 27 Policy for call--call when conversion value is this percent over bond's par value. 20% 28 29 a. For each year, calculate: (1) the anticipated stock price; (2) the anticipated conversion value; (3) the anticipated straight-bond 30 price; and (4) the cash flow to the investor assuming conversion occurs. At what year do you expect the bonds will be forced into 31 conversion with a call? What is the bond's value in conversion when it is converted at this time? What is the cash flow to the 32 bondholder when it is converted at this time (Hint: the cash flow includes the conversion value and the coupon payment, because 33 the conversion is immediately after the coupon is paid.) 34 I 1/11/2007 1 2 3 4 5 6 USB memory device. The 7 as an expected constant 8 by issuing convertible -year maturity, and be 9 ncallable for 5 years, after 10 r 6 and each year thereafter. 11 ely after the coupon and n the past (and presumably 12 nds' par value (not their call 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 he anticipated straight-bond 30 he bonds will be forced into 31 at is the cash flow to the 32 he coupon payment, because 33 34

Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

DeVry Houston - FI - 515
9/4/2006Chapter 22. Solution to Ch 22 P18 Build a ModelInput Data Collections during month of sale Collections during month after sale Collections during second month after sale Lease payments Target cash balance General and administrative salaries Depr
DeVry Houston - FI - 515
25b02f085cf2eb6ded546adc8cad10c42101015a.xlsBuild a Model 9/6/2006Chapter 23. Solution to Ch 23-06 Build a ModelProblem 23-6. Use the information and data from Problem 23-5 Problem Inputs: Size of planned debt offering = Anticipated rate on debt offeri
DeVry Houston - FI - 515
9/8/2006Chapter 24. Solution for Ch 24-5 Build a ModelAt the time it defaulted on its interest payments and filed for bankruptcy, the McDaniel Mining Company had the following balance sheet (in thousands of dollars). The court, after trying unsuccessful
DeVry Houston - FI - 515
A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59BCDEFGHIJ 9/14/2006Chapter 25. Solution to 25-07 Build a ModelWansley Porta
DeVry Houston - FI - 515
A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50BCDEFGHI 9/20/2006Chapter 26. Solution to Ch 26-15 Build a ModelYohe Telecommunications is a multinatio
DeVry Houston - FI - 515
A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41BCDEFGHChapter 27. Solution to Ch 27-12 Build a ModelMalone Feed and Supply Company buys on terms of 1/10, net 30, but it has not b
DeVry Houston - FI - 515
Chapter 28. Solution to Ch 28-3 Build a ModelThe following inventory data have been established for the Alder Corporation: (1) Orders must be placed in multiples of 100 units. (2) Annual sales are 338,000 units. (3) The purchase price per unit is \$3. (4)
Merritt College - ECON - 1
Padilla1Huong PadillaProfessor Trevor NakagawaPosci 110:00:09Understanding Congress1.Describe some of the different ways in which members of Congress can represent the Americanpeople. What are the principles behind sociological and agency represen
Aachen University of Applied Sciences - ECE - 545
ApresentaCapites da areiaJorge AmadoCrianas ladronasAs aventuras sinistras dos &quot;Capites da Areia&quot; - A cidade infestada por crianasque vivem do furto - urge uma providncia do Juiz de Menores e do chefe depolcia- ontem houve mais um assaltoJ por vri
Aachen University of Applied Sciences - ECE - 545
Gabriel Garca MrquezPrmio Nobel de LiteraturaCem anos de solidoTraduo de ELIANE ZAGURY48 EDIOEDITORA RECORDRIO DE JANEIRO SO PAULOTtulo original:Cien Aos de SoleadCopyright 1967 by Gabriel Garca MrquezDireitos de publicao exclusivos em todos os
Aachen University of Applied Sciences - ECE - 545
1! &quot; #\$%&amp;'() *+,-'*. /..,/)000,,2 3443 5216784 9 434&lt; 9 4=93&lt;9 =3 9 333&lt; 9 3=: 9 :3:&lt; 9 :=; 9 ;3;&lt; 9 ;=93&lt;9 =&lt; 9 &lt;39999999999994: 9 4; 94949:9 ;9993: 9 3; 93 93 9: 9 :; 9: 9: 9;: 9 ; 9; 9; 9:9 ;99
Aachen University of Applied Sciences - ECE - 545
1!\$&quot;#%&amp;'&amp;()*'*' '*' ' '&quot;'+(%,'&amp;- \$ .//(%('%+'01232&amp;3456748/ ! 94/7 \$8:;78 47&lt;874 8=! 6= &lt;*;&gt;! 74/&lt;&gt; /8=&lt;5 8*/=! 84\$/ *7=! ! 84 68/&lt;74&lt;874 8456748/( ? '('@A''( (% @ '('(A &gt;'%'B%-C? '- @ + ,((A
Aachen University of Applied Sciences - ECE - 545
1!&quot;# \$!%&amp;'&quot;( ) &quot;*+,,#. -\$ ) . / #,\$34-#5)6 #&quot;0-\$-&quot;2\$78879:2#)10-!&quot;# \$!\$\$;&lt;/ 3+;=&gt;? @A?6 ;%A; &amp;? ;B+?@C- A @&amp; #\$ :#\$ -\$#.#\$#\$C- AA @ 7&amp; 0- -# ,DC- AAA @ 7&amp; #\$#,D.0) -# &quot;C- A @ E8&amp; #\$#\$::.&lt;.0- -#
Aachen University of Applied Sciences - ECE - 545
Aachen University of Applied Sciences - ECE - 545
http:/www.livrosnaintegra.blogspot.comCONTOS DE GRIMM: ANIMAIS ENCANTADOSGrimm: Jakob &amp; Wilhelmhttp:/www.livrosnaintegra.blogspot.comSUMRIOAPRESENTAOA SERPENTE BRANCAO GANSO DE OUROA RAPOSA E O GATOOS DOIS IRMOSOS SETE CORVOShttp:/www.livrosnai
Aachen University of Applied Sciences - ECE - 545
Esta edio dos Contos e lendas da mitologia grega uma verso adaptada para os jovens leitores de hoje.CLAUDEPOUZADOUXCONTOS E LENDAS DAMITOLOGIA GREGAIlustraes de Frdrick MansotTraduo de Eduardo Brando3 reimpressoCIA. DAS LETRASCopyright 1994, 199
Aachen University of Applied Sciences - ECE - 545
BibliotecaVirtualbooksDIPO REISFOCLESEdio especial para distribuio gratuita pela Internet,atravs da Virtualbooks.A VirtualBooks gostaria de receber suas crticas e sugestes sobre suasedies. Sua opinio muito importante para o aprimoramento de nossas
Aachen University of Applied Sciences - ECE - 545
1!&quot; #\$&amp;%'&amp;()&amp;!)*+-%!'/ 0110')2, !.!23 &amp;45 .&quot;6- )+ &quot;787 +. 9&quot;4.:)2. 0113.(- ;&quot;6&lt;,09!&quot;,%@#*&gt;&gt;%,6,?#,=)%55!3A&gt;%3#5,5*&gt;%%=+%5%%!+# , #5,%%5= !*=4%AB#,@%E&gt;,%D+? ,C=#
Aachen University of Applied Sciences - ECE - 545
A Escrava Isaura, de Bernardo GuimaresTexto proveniente de:A Biblioteca Virtual do Estudante Brasileiro &lt;http:/www.bibvirt.futuro.usp.br&gt;A Escola do Futuro da Universidade de So PauloPermitido o uso apenas para fins educacionais.Texto-base digitaliza
Aachen University of Applied Sciences - ECE - 545
ApresentaEU E OUTRAS POESIASAugusto dos AnjosMonlogo de uma sombraSou uma Sombra! Venho de outras eras,Do cosmopolitismo das moneras.Plipo de recnditas reentrncias,Larva de caos telrico, procedoDa escurido do csmico segredo,Da substncia de todas
Aachen University of Applied Sciences - ECE - 545
1!&quot;#\$%\$%\$)*+,2\$&amp;\$\$&amp;\$\$(-./01234435'36#7 889 :8 9 .48889 .088 9 3;9 3&lt;89 ;48 9 ;386#7 8889 ;&lt;8 9 048889 0=848 9 =06#7 88889 =18 9 &lt;08889 &lt;188 9 149 1/89 :.6#7 889 :08 9 /;8889 /86#789 .38 9 .18889 .
Aachen University of Applied Sciences - ECE - 545
1!&quot;#\$%&amp;'('&amp;)* +**,+# ).,/,+2)031%&amp;43,'.,/56787%&amp;)&amp;,,:)897, = &gt;?&lt;@2A));):# B !&quot;!5CD)E38FG&lt;*CCDDH99'9DF*9CIJ K)%&amp;E-C)4%&amp;J),6)=)IF2%)A L82,9)L8)%M)/D%&amp;
Aachen University of Applied Sciences - ECE - 545
MITOLOGIAGRECO-ROMANAwww.mundodosfilosofos.com.brSetembro/002ndiceI - Mito, Rito e ReligioII - Ria ou Cibele2.1 - Ops2.2 - Trtaro2.3 - Hemera2.4 - Nix2.5 - Montes, montanhas2.6 - PontosIII - Apolo3.1 - Nascimento de Apolo e Diana3.2 - Lato
Aachen University of Applied Sciences - ECE - 545
ApresentaO ABOLICIONISMOJoaquim NabucoPREFCIOJ existe, felizmente, em nosso pas, uma conscincia nacional - emformao, certo - que vai introduzindo o elemento da dignidade humana em nossalegislao, e para a qual a escravido, apesar de hereditria, uma v
Aachen University of Applied Sciences - ECE - 545
APRESENTAONicolaus Maclavellus, ou Nicol Macchiavelli foi um gnio. Ou algum conheceescritor dos anos 1500 que seja to atual quanto ele? Um ex-ministro,poderosssimo, deste pas confessou, publicamente, que &quot;O Prncipe&quot; era seu livrode cabeceira. Falo sob
Aachen University of Applied Sciences - ECE - 545
ALONWERTHPeo perdo s crianas po r ded icar este livro a uma pesso a grand e. Tenho um ad escu lpa sria: essa p essoa grande o m elhor amigo qu e possuo no mundo. Tenho um aoutradesculp a:essap essoagrandecapazdecompreendertod as ascoisas,atm esmo osli
Aachen University of Applied Sciences - ECE - 545
eBooksBrasilwww.ebooksbrasil.comO Mulato [1881]Alusio Azevedo [1857-1913]Verso para eBookeBooksBrasil.comFonte DigitalMinistrio da CulturaFundao BIBLIOTECA NACIONALDepartamento Nacional do Livrowww.bn.br[http:/www.bn.br/bibvirtual/acervo/]Capa
Aachen University of Applied Sciences - ECE - 545
A ALMA DO HOMEM(SOB O SOCIALISMO)- 1891 -OSCAR WILDEPara ter acesso a outros ttulos libertos das banais convenes do mercado, acesse:W WW.SABOTAGEM.CJB.NETAutor: Oscar WildeTtulo: A alma do homem sob o socialismoTtulo Original: The social soul of m
Aachen University of Applied Sciences - ECE - 545
www.terra.com.br/virtualbookswww.terra.com.br/virtualbooks1www.terra.com.br/virtualbooksA ESFINGE SEM SEGREDOOscar WildeEdio especial para distribuio gratuita pela Internet,atravs da Virtualbooks.A VirtualBooks gostaria tambm de receber suas crtic
Aachen University of Applied Sciences - ECE - 545
1!&quot; !#\$%&amp; '&amp;&amp;'(78)*)*+,&quot;\$&quot; -./0 11'23 31'. 1345 4*9+%%/,&quot;111%&lt;/9DE/%=9!&gt;?@\$14\$ 1A 2 =&gt;B9CCC3C* 3F2%6#*:,;&amp;888////////////GAA5G&lt;8 H5).)8A 6.A.A 6.A 6.\$A @\$A\$.A EE\$.A E\$.A E6#
Aachen University of Applied Sciences - ECE - 545
APOSTILADEELETRNICA BSICACAPTULO 4TRANSISTOR BIPOLARVerso 20080914Apostila de Eletrnica Bsica Captulo 4Ricardo RamiroNDICEContedo4.1. CONSTITUIO DO TRANSISTOR. 34.2. FUNCIONAMENTO DO TRANSISTOR . 44.2.1 Correntes no transistor . 44.2.2 Polari
Aachen University of Applied Sciences - ECE - 545
1EletrnicaDiodos.Antes de entrarmos no assunto propriamente dito, necessrio fazermos algumasconsideraes sobre o material de que so feitos alguns importantssimos componenteseletrnicos, tais como: diodos e transistores entre outros; este material conhe
Aachen University of Applied Sciences - ECE - 585
USER GUIDE AND SPECIFICATIONSNI USB-6008/6009This guide describes how to use the National Instruments USB-6008/6009data acquisition (DAQ) devices and lists specifications.IntroductionThe NI USB-6008/6009 provides connection to eight analog input (AI)
Aachen University of Applied Sciences - ECE - 585
CIRCUITOS ELCTRICOSOBJECTIVOAprender a utilizar um osciloscpio e um multmetro digital.Conceito de resistncia interna de um aparelho.1. INTRODUOO multmetro digital que vai utilizar pode realizar cinco funes, entre outras:(i)Determinao de tenes contn
Aachen University of Applied Sciences - ECE - 585
GLOSSRIOGLOSSRIOOBJETIVOS: Assegurar uma interpretao inequvoca dos documentos emitidospela ANATEL, por parte dos atores do setor de telecomunicaes. Servir como referncia para organismos normativos nacionais. Servir como referncia para a ANATEL na el
Aachen University of Applied Sciences - ECE - 585
El transistor como elemento decircuito.1.1) Caractersticas funcionales del transistor bipolar.El transistor bipolar (conocidouniversalmente con la simpledenominacin de transistor) esun elemento de circuito de tresterminales que puede cumplirfuncio
Aachen University of Applied Sciences - ECE - 585
TRANSISTORUJT/FET/MOS-TESTESHistriaO transistor foi criado nos laboratrios da Bell Telephone em dezenbro de 1947. Ainveno desse componente atribuda a trs cientistas: Bradeen, Brattain e Shockley. Oprimeiro transistor surgiu por acaso durante estudos
Aachen University of Applied Sciences - ECE - 585
TRANSISTOR DE UNIJUNO(UJT)OBJETIVOS: Verificar experimentalmente o funcionamento de um transistor deunijuno, atravs de um oscilador de relaxao.INTRODUO TERICAO transistor de unijuno (UJT do ingls Uni-junction-Transistor) umdispositivo de trs termina
Aachen University of Applied Sciences - ECE - 585
PREDITOR DE KALMAN ROBUSTO PARA HORIZONTE-FINITORodrigo Fontes Souto, Joao Yoshiyuki IshiharaDepartamento de Engenharia Eltrica (ENE) - Universidade de Bras (UnB), BrasileliaEmails: rodrigo.fontes.souto@gmail.com, ishihara@ene.unb.brAbstract This pa
Aachen University of Applied Sciences - ECE - 585
Infra para Redes pticas: O que Damos o nome de infra-estrutura ao conjunto da construo que recebe, acomoda e distribui o cabo ptico aolongo de seu trajeto (tambm conhecido como Rota ou Enlace).As Redes pticas podem ser areas, subterrneas, submarinas ou
Gulf University for Science & Technology - ECON - 103
Learn how to write scientific texts
Georgia State - BUS - 1010
Assignment 1: Cultural Issues, EthicsCase 12- Daimler-Chrysler MergerJuly 15, 20101. What were the international strategic motivations affecting Daimler-Benzspursuit of other automobile manufacturers? Some of the motivations forDaimler-Benzs trying t
Edison State College - BSC - 1094
CHAPTER 24 DIGESTIVE SYSTEMDigestion breaking down of food into molecules small enough to enter body cellsFIGURE 24.1 p 853 - very general diagram of organs in digestionOrgans of digestion are divided into 2 groupsA. Gastrointestinal (GI) tract (alime
University of Phoenix - BUS - 210
Job Fair BrochureFloyd PriceApril 3, 20119037472536FOUNDATIONS OF BUSINESSThe history of who club Van Gogh when we began and the growth that we will as a night club.When an promoter can see the history of the company and the success that we will hav
University of Phoenix - ECON - 120
Week 3 AssignmentIndividual Discussion QuestionFP/120Essentials of Personal FinanceLois HughesHeidi Roberts InstructorUniversity of Phoenix1Outline the decision process/steps that you took individually to make a majorpurchase recently or in the p
LSU - ECON - 2035
Heather ShertzEnrollment #: 679722Course: ECON 2035Version NPage 1 of 1Lesson 9Essay 1When the Fed purchases bonds from the First Nation Bank (FNB), FNB reserves will increaseto \$2 million regardless of whether FNB deposits the money with the Fed,
McGill - MGCR - 271
MGCR 271Assignment 2Winter 2011MGCR 271: Business StatisticsAssignment 2 (Due: 6 March 2011)1. (10 points) Forced vital capacity (FVC) is the volume (in milliliters) of air that an individual canexhale in 6 seconds. FVC was obtained for a sample of
Hobart and William Smith Colleges - MATH - 3309
Rules for the Standard Normal CurveOctober 6, 20051. P (0 &lt; z &lt; k ) = Prob. at k from table2. P (k1 &lt; z &lt; k2 ) = P (0 &lt; z &lt; k2 ) P (0 &lt; z &lt; k1 )3. P (z &gt; k ) = P (z &gt; 0) P (0 &lt; z &lt; k ),= 0.5 P (0 &lt; z &lt; k )4. P (z &lt; k ) = P (0 &lt; z &lt; k ) + P (z &lt; 0),
Hobart and William Smith Colleges - MATH - 3309
Stat 3309 - Exam IJuly 17, 20111. Lets go back to our favorite city; Funkytown. We will collect some rentinformation again. Here are the values:106581703323583781356612802374625827476628846478652902517660925542 550 565673 689 694
Strayer - ACCT - 317
Chapter 27 Solutions12.a.Create a trust with income payable to the daughter for her life. But wheredoes the father want the trust to go when his daughter dies? Perhapscharity? Another family member? Whoever is chosen will exclude theson-in-law from
Rutgers - STAT - 384
1.Because we assume normality, the mean = median, so we also use the sample meanWe use the 90th percentile of the sample:x = 1.3481 .We could also easily use the sample median. + (1.28) = x + 1.28s = 1.3481 + (1.28) ( .3385) = 1.7814 .1.5 x 1.5 1.34
Rutgers - STAT - 384
With H0:t= 1 2 = 0 vs. H : 1 2 0 , we will reject Ha22.73 21.95.16462+ .240520= )2( ) +( ).240 252= 6.8 6, and the test statistic4and conclude that= 2.262 , so the interval is 13.6 2.262( 3.007 ) = ( 20.40,6.80 ) . Because the inte
Rutgers - STAT - 463
Rutgers - STAT - 463
data homework;input y x1 x2 x3 x4 x5 x6 x7 x8 x9;datalines; 10 2113 1985 38.9 64.7 4 868 59.7 2205 1917 11 2003 2855 38.8 61.3 3 615 55.0 2096 1575 11 2957 1737 40.1 60.0 14 914 65.6 1847 2175 13 2285 2905 41.6 45.3 -4 957 61.4 1903 2476 10 2971 16
Rutgers - STAT - 463
The SAS System 17:49 Wednesday, October 20, 2010 1 Obs y x1 x2 x3 x4 x5 x6 x7 x8 x9 1 10 2113 1985 38.9 64.7 4 868 59.7 2205 1917 2 11 2003 2855 38.8 61.3 3 615 55.0 2096 1575 3 11 2957 1737 40.1 60.0 14 914 65.6 1847 2175 4 13 2285 2905 41.6 45.3 -
Rutgers - STAT - 463
E xercise 7.2 Data SetObsxyxsq10.251.420.062520.501.390.250030.751.550.562541.001.891.000051.252.431.562561.503.152.250071.754.053.062582.005.154.000092.256.435.0625102.507.896.250015:51 Wednesday, November 3,
Rutgers - STAT - 463
options pageno=1 orientation=landscape linesize=130 pagesize=50 nodate;options nofmterr validvarname=v7;OPTIONS FORMCHAR=&quot;|-|+|-+=|-/\&lt;&gt;*&quot;;options formdlim='-';title1 'National Football league Multicollinearity';data nfl; input y x1 x2 x3 x4 x5 x6 x
Rutgers - STAT - 463
TheThe SAS System16:14 Wednesday, December 8, 2010 1The CORR Procedure4 Variables: x1x2x3x4Simple StatisticsVariable NMeanStd DevSum Minimum Maximumx1282110 385.71188 5908614162971x2282127 499.11613 5956214142929x328 38.639291.983
Rutgers - STAT - 463
options pageno=1 orientation=landscape linesize=120 pagesize=40 nodate;options nofmterr validvarname=v7;OPTIONS FORMCHAR=&quot;|-|+|-+=|-/\&lt;&gt;*&quot;;ods pdf file=&quot;hw14.pdf&quot;;title1 'logistic regression hw 14'; data automobile;input y x1 x2;label x1= age x2=
Rutgers - STAT - 463
logisticlogistic regression hw 1416:14 Wednesday, December 8, 2010 1The LOGISTIC ProcedureModel InformationData SetWORK.AUTOMOBILEResponse VariableyNumber of Response Levels 2Modelbinary logitOptimization TechniqueFisher's scoringNumber of O
Rutgers - STAT - 463
The SAS System00:09 Monday, October 25, 2010 1The REG ProcedureModel: MODEL1Dependent Variable: yNumber of Observations Read28Number of Observations Used28Analysis of VarianceSum ofSourceDFModel9ErrorSquares60.29321F ValuePr &gt; F8.85&lt;.