Accounting and Finance Foundations
Quiz 7
1. A company has 8 percent coupon bonds on the market with 8 years left to maturity. Coupons
are paid semi-annually. If the bond currently sells for $1,050, what is its yield to maturity?
0.0717
2. A company has 8
Accounting and Finance Foundations
Quiz 6
1. Currently, you owe the bank $9,800 for a car loan. The loan has an interest rate of 7.75 percent
and monthly payments of $310. Your financial situation recently changed such that you can no
longer afford these
viev
frnm the front
More IT work being done from home
A new survey from Robert Half Lee, executive director of Robert Half supervisor oversight makes telecomTechnology, a Menlo Park, Caiif.- Technology. Lee also cautions that muters less productive, while
Home
Down payment
Net Loan amount
Time period in years
Time period in months
APR
Monthly rate
Monthly payments
Time period in months
$
$
$
Loan ammortization schedule
200,000.00
40,000.00 20%*Home loan
160,000.00 Home Loan - Down payment
30
360
6.60%
0.55
Required Rate of return Ke
Dividend
$
Year
7%
1.00
growth
Formula
1
2
Dividend Paid
Dividend in previous
year*(1+ g)
50% $
1.50
25% $
1.88
Terminal Value = Dividend at year 2*(1+ terminal
growth )/(Ke- terminal growth)
6% $
198.75
Stock price = sum of pre
Part A
Price of a bond
Issuance Cost
Actual price received by firm
$
Face Value
Cuopon Rate
Semi Annual coupon paid
Maturiy in years
$
Maturity in periods
Semi annual yield on the bond
Effective Annual Yield on bond
$
$
1,030.00
2.00%
1,009.40 Price of a
This exam is open book and is to be your individual work ONLY. You are not allowed to consult with anyone in answe
Academic Integrity Pledge at the beginning of semester. If you have questions about the exam, please post them in
About Final Exam. That wa
Accounting and Finance Foundations
Quiz 4
1. Which one of the following statements about a limited partnership is correct? There must be at
least one general partner.
2. Which one of the following is a working capital decision? How much cash should the fi
Accounting and Finance Foundations
Quiz 8
1. The next dividend payment by Swenson, Inc. will be $1.80 per share. The dividends are
anticipated to maintain a 5.5 percent growth rate, forever. If the stock currently sells for $48.50
per share, what is the r
Chapter 9 and 10 Homework
Pg. 341-345: prob. 2, 4, 8, 20
Pg. 382-386: prob. 1, 3, 10, 16
Chapter 9:
2. Calculate the annual straight-line depreciation for a machine that costs $50,000 and has
installation and shipping costs that total $1,000. The machine
Chapter 5
2.
a. 5,000 today
b. 15,000 five years from today
PV = 15,000*0.65 = 9,750
c. 1,000 per year for 15 years
PV = 1,000*8.061 = 8,061
I would prefer 15,000 five years from today.
8.
PVAN = PMT (PVIFA 0.1,25)
60,000-10,000 = PMT (9.07704)
PMT = 5,50
Chapter 3
3.
40 x .8 = 32 million
Average daily credit sales = 32 million/365 = 87,671.23
Average A/R = 87,671.23 x 45 = 3,945,205.48
10.
A). Current ratio (CA/CL)= 1,600,000/850,000 = 1.88
Quick ratio (CA-Inv.)/CL= (1,600,000-1,040,000)/850,000 = 0.66
Ne
Homework Chapter 6 Fixed Income Securities
1. Determine the value of a $1,000 Canadian Pacific perpetual 4 percent
debenture (bond) at the following required rates of return
a). 4% b). 5%
c). 6%
Coupon interest = 4% of 1,000 = $40
a). 4% = $40/0.04 = $1,0
Research Article
Psychological Science
24(1) 7279
The Author(s) 2013
Reprints and permission:
sagepub.com/journalsPermissions.nav
DOI: 10.1177/0956797612450302
http:/pss.sagepub.com
The Financial Costs of Sadness
Jennifer S. Lerner1, Ye Li2 , and Elke U.
TECHNICAL ASSISTANCE JOB ANALYSIS
Prepared by the Division of Human Resources Department of Personnel & Administration. Revised March 22, 2007.
GENERAL
Job analysis is a process used to capture information about jobs, particularly tasks; duties;
knowledge
Part A
Price of a bond
Issuance Cost
Actual price received by firm
$
Face Value
Cuopon Rate
Semi Annual coupon paid
Maturiy in years
$
$
$
1,090.00
0.00%
1,090.00 Price of a bond*(1-issuance cost)
10 year treasury bond rate + Default
1,000.00 risk premium