FINANCE 311
PROBLEM SET NUMBER 3
Due: October 15, 2014
Please Show Calculator Inputs
1.
Grandma left you a T-Bill (Treasury Bill) in her will. She paid $87,500 in cash for the TBill one year ago. The Face Value of the T-Bill is $100,000. What is the retur
1
FI311Fall2014
ProblemSet1
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FINANCE 311
PROBLEM SET NUMBER 3
1.
Grandma left you a T-Bill (Treasury Bill) in her will. She paid $87,500 in cash for the TBill one year ago. The Face Value of the T-Bill is $100,000. What is the return on the T-Bill?
n=1
FV = 100,000
PV = 87,500
i = 14
FI 311 Spring 2013
Problem Set #3 Chapters 10 to 13
1. Nathan is considering a project that requires an initial investment of $20,000. It is depreciable
over four years using straight-line depreciation. The discount rate is 10%. Nathans tax bracket is
40%
Formulas
These are the formulas you will receive with your exam. If there are other numerical
calculations in course pack examples, you will need to remember what goes into those
calculations.
Beginning ALL + provision for loan losses - charge offs of wor
FI311 Section 3 Sample Exam 1 Answers and Solutions
Use the following information for questions 1-4
Shaky Shake,
Inc.
Sales
Cost of Goods
Sold
Depreciation
Interest paid
Dividends
Current Assets
Net Fixed
Assets
Current
liabilities
Long term debt
Tax rate
FI 311 Spring 2013
Problem Set #1 Chapters 1 to 5
1. Bre Price will receive a four year annuity payment of $500 per year, with payments beginning
in year 6. Based on historical data, she assumes a 10% discount rate.
A. What is the value of the annuity in
FI 311
Problem Set 3, Question #10
Use Microsoft Excel to answer parts A through D below. Write your final answers on this sheet, and print
off two copies of your excel spreadsheet (one showing the numbers, and one showing the formulas) to
submit as well.
FI 311 Connect homework #1
Which one of the following terms is defined as the management of a firm's long-term
investments?
working capital management
financial allocation
capital structure
agency cost analysis
capital budgeting
Which one of the following
NAME:
SIGNATURE:
STUDENT NUMBER:
Michigan State University
FI 311
Fall 2015
Professor Ralph Carmichael
EXAM 3
INSTRUCTIONS:
Make sure you write your name, student number and section number on your exam.
Make sure to mark your answer on the exam clearly.
Use the Hilltop Industries Income Statement and Balance Sheets for Questions 1 & 2
Hilltop Industries
2011 Income Statement
($ in millions)
Net Sales
Less: Cost of goods sold
Less: Depreciation
EBIT
Less: Interest paid
Taxable Income
Less: Taxes
Net incom
FI 311 FS 2014
Problem Set 3
1
1. Pat is currently the senior financial analyst at Green & Green LLC. He is
evaluating 2 projects for potential investments. Project A, has cash flows of
$500,000 in Year 1, 2,500,000 in the next 2 years and in year 4, the
Mengxiao Zhao
A41855310
06/20/11
1. Is it possible to pursue goals of social responsibility (ethics) and shareholder wealth
maximization at the same time? Explain your response (use an example to support
your position, if possible).
Corporate social respo
NAME:
SIGNATURE:
STUDENT NUMBER:
Michigan State University
FI 311
Fall 2015
Professor Ralph W. Carmichael
EXAM 2
INSTRUCTIONS:
Make sure you write your name, student number and section number on your exam.
Make sure to mark your answer on the exam clear
Hilltop Industries
2011 Income Statement
($ in millions)
Net Sales
Less: Cost of goods sold
Less: Depreciation
EBIT
Less: Interest paid
Taxable Income
Less: Taxes
Net income
$11,407
7,871
1,900
1,636
210
$1,426
498
$928
Hilltop Industries
2010 and 2011 Ba
Click to edit Master title style
Chapter 7
Interest Rates and Bond Valuation
11/30/16
1
Click to
Keyedit
Concepts
Masterand
titleSkills
style
Know the important bond features and bond types
Understand bond values and why they fluctuate
Understand bond rat
Click to edit Master title style
Chapter 8
Stock Valuation
11/30/16
1
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Keyedit
Concepts
Masterand
titleSkills
style
Understand how stock prices depend on future
dividends and dividend growth
Be able to compute stock prices using the dividend
gro
Click to edit Master title style
Chapter 5
Introduction to Valuation: The Time
Value of Money
Calculators
11/30/16
1
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Keyedit
Concepts
Masterand
titleSkills
style
Be able to compute the future value of an
investment made today
Be able to compute
Click to edit Master title style
Chapter 6
Discounted Cash Flow Valuation
Formulas
11/30/16
1
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Keyedit
Concepts
Masterand
titleSkills
style
Be able to compute the future value of multiple cash
flows
Be able to compute the present value of multip
Click to edit Master title style
Chapter 14
Cost of Capital
11/30/16
1
Click to
Keyedit
Concepts
Masterand
titleSkills
style
Know how to determine a firms cost of equity
capital
Know how to determine a firms cost of debt
Know how to determine a firms o