Determine the value at the end of five years of a $6,000 investment (today) in a bank certificate of deposit (CD) that pays a nominal annual interest rate of 10 percent, compounded under either of the following three terms. Round your answers to the nearest cent.

1. Semiannually
   $  

2. Quarterly
   $  

3. Monthly
   $  

A)

You are expecting to receive $300 at the end of each year in years 3, 4, and 5, and then 500 each year at the end of each year in years 10 through 25, inclusive. If the appropriate discount rate is 9.2 percent, for how much would you be able to sell your claim to these cash flows today?​

B)

You are paying an effective annual rate of 12.93 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate on your account? (Enter rate in percents, not in decimals.)

C)

If you put up $43,463 today in exchange for a 10.7 percent, 12 year annuity, what will the annual cash flow be?

What is financial management? How does financial management differ in the sport industry as compared to other industries? What are key economic factors that influence the sport industry? (400-500 words)

During the past five years, you owned two stocks that had the following annual rates of return:

1. Compute the arithmetic mean annual rate of return for each stock. Round your answers to one decimal place.

   Stock T:   %

   Stock B:   %

   Which stock is most desirable by this measure?

   -Select-Stock TStock BItem 3 is more desirable because the arithmetic mean annual rate of return is -Select-higherlowerItem 4 .

2. Compute the standard deviation of the annual rate of return for each stock. (Use Chapter 1 Appendix if necessary.) Do not round intermediate calculations. Round your answers to three decimal places.

   Stock T:   %

   Stock B:   %

   By this measure, which is the preferable stock?

   -Select-Stock TStock BItem 7 is the preferable stock.

3. Compute the coefficient of variation for each stock. (Use the Chapter 1 Appendix if necessary.) Do not round intermediate calculations. Round your answers to four decimal places.

   Stock T:

   Stock B:

   By this relative measure of risk, which stock is preferable?

   -Select-Stock TStock BItem 10 is the preferable stock.

4. Compute the geometric mean rate of return for each stock. Round your answers to three decimal places.

   Stock T:   %

   Stock B:   %

Discuss the pros and cons of tax-backed and revenue municipal bonds and the advantages and disadvantages of including them in a portfolio.

Debit Credit

Requried

1 A_ prepare the income statement for the year ended December 31,2017?

2.B- prepare the statement of retained earnings for the year ended December 31,2017?

3. C- prepare Chiara company's balance sheet as of December 31,2017?

The Holtzman Corporation has assets of $444,000, current liabilities of $51,000, and long-term liabilities of $71,000. There is $35,500 in preferred stock outstanding; 20,000 shares of common stock have been issued.  

a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.)
  

b. If there is $25,700 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 19 times earnings per share, what is the current price of the stock? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  

c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  

8

a) You purchased 3,200 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $47.50 per share. The front-end load for this fund is 4 percent, and the back-end load for redemptions within one year is 2 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2016, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific Growth Fund is 1.83 percent, what is your total return from this investment? (Assume that the operating expense is netted against the fund’s return.) (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

b) You are going to invest in a stock mutual fund with a front-end load of 4.5 percent and an expense ratio of 1.45 percent. You also can invest in a money market mutual fund with a return of 2.3 percent and an expense ratio of 0.20 percent. If you plan to keep your investment for 2 years, what annual return must the stock mutual fund earn to exceed an investment in the money market fund? What if your investment horizon is 12 years? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)c

c)

Suppose you’re evaluating three alternative MMMF investments. The first fund buys a diversified portfolio of municipal securities from across the country and yields 3.2 percent. The second fund buys only taxable, short-term commercial paper and yields 5.4 percent. The third fund specializes in the municipal debt from the state of New Jersey and yields 3.4 percent. Your federal income tax rate is 35 percent and you are a resident of Texas, which has no state income tax.

Calculate the after-tax yield for each of the alternatives. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

Municipal Fund____

Taxable Fund_____

New Jersey Municipal Fund____

Decision #1:   Which set of Cash Flows is worth more now?

Assume that your grandmother wants to give you generous gift. She wants you to choose which one of the following sets of cash flows you would like to receive:

Option A: Receive a one-time gift of $ 10,000 today.   

Option B: Receive a $1500 gift each year for the next 10 years. The first $1500 would be

     received 1 year from today.                 

Option C: Receive a one-time gift of $18,000 10 years from today.

Compute the Present Value of each of these options if you expect the interest rate to be 3% annually for the next 10 years.    Which of these options does financial theory suggest you should choose?

       Option A would be worth $___10,000.00__ today.

      Option B would be worth $___12,795.30__ today.

       Option C would be worth $___13,393.69__ today.

       Financial theory supports choosing Option __C_____

Compute the Present Value of each of these options if you expect the interest rate to be 6% annually for the next 10 years. Which of these options does financial theory suggest you should choose?

       Option A would be worth $__10,000.00__ today.

       Option B would be worth $__11,040.13__ today.

       Option C would be worth $__10,051.11__ today.

      Financial theory supports choosing Option __B_____

Compute the Present Value of each of these options if you expect to be able to earn 9% annually for the next 10 years. Which of these options does financial theory suggest you should choose?

       Option A would be worth $10,000.00_ today.

       Option B would be worth $_9,626.49 _ today.

       Option C would be worth $_7,603.39_ today.

       Financial theory supports choosing Option __A_____

Decision #2 begins at the top of page 2!

Decision #2: Planning for Retirement

Erich and Mallory are 22, newly married, and ready to embark on the journey of life.   They both plan to retire 45 years from today. Because their budget seems tight right now, they had been thinking that they would wait at least 10 years and then start investing $3000 per year to prepare for retirement. Mallory just told Erich, though, that she had heard that they would actually have more money the day they retire if they put $3000 per year away for the next 10 years - and then simply let that money sit for the next 35 years without any additional payments – then they would have MORE when they retired than if they waited 10 years to start investing for retirement and then made yearly payments for 35 years (as they originally planned to do).   Please help Erich and Mallory make an informed decision:   

Assume that all payments are made at the END a year (or month), and that the rate of return on all yearly investments will be 7.2% annually.  

(Please do NOT ROUND when entering “Rates” for any of the questions below)

1. How much money will Erich and Mallory have in 45 years if they do nothing for the next 10 years, then put $3000 per year away for the remaining 35 years?

$467,430.91

2. How much money will Erich and Mallory have in 10 years if they put $3000 per year away for the next 10 years?

$47,855.67

b2) How much will the amount you just computed grow to if it remains invested for the remaining

35 years, but without any additional yearly deposits being made?

                $545,444.90

3. How much money will Erich and Mallory have in 45 years if they put $3000 per year away for each of the next 45 years?

$978,682.67

How much money will Erich and Mallory have in 45 years if they put away $250

4. per MONTH at the end of each month for the next 45 years? (Remember to adjust 7.2% annual rate to a Rate per month!)

5. If Erich and Mallory wait 25 years (after the kids are raised!) before they put anything away for retirement, how much will they have to put away at the end of each year for 20 years in order to have $1,000,000 saved up on the first day of their retirement 45 years from today?

Please verify and answer D and E!!!!

It is the end of your final year of study as a student in the Master of Finance program and you are trying to determine what you are going to do over the remaining 35 years of your working life. You are trying to decide whether you should remain at university and do your PhD in finance or alternatively leave university and become a consultant.

You anticipate that it will take you 5 years to complete your PhD during which time you will earn a real net cash flow of $25,000 p.a. At the end of these 5 years you must decide whether to remain at the university as an academic or take up a career as a consultant.  There is a 10% chance that you will enjoy great success as an academic earning a salary of  $85,000 p.a., a 50% chance that you will have a moderately successful career earning a salary of $65,000 p.a. and a 40% chance that you will have an unsuccessful academic career earning a salary of only $45,000 p.a. If you decide to become a consultant then it will initially cost you $100,000 to set up your business and there is an 80% chance of generating $60,000 p.a. and a 20% chance of generating $120,000 p.a..

If you decide not do a PhD and instead become a consultant immediately, there is a 60% chance that you will earn $70,000 p.a. and a 40% chance that you will earn $50,000 p.a. over the remainder of your working life.

Assume that all cash flows (other than those specified otherwise) occur at year-end, are expressed in real terms (that is in terms of purchasing power today) and that the real opportunity cost of capital is 10%.

You are to assume that for personal (as opposed to financial) reasons, you have decided to do a PhD. Using the decision tree approach, estimate the value of the option associated with not having to stay in academia after you acquire your PhD.

What are the cost of overregulation and underregulation of equity markets? the solution I found on Chegg does not really explain anything

3. Calculate the cost of debt for They currently have outstanding 30 year, 8%, bonds that were issued 12 years ago. The company has 5,000 bonds outstanding that are currently selling for 89% of their face value.  pays 34% of income in taxes.

Choose a company to write a comprehensive report
Component
a. Firms’ business model (i.e. business concept and strategy)
b. How well firms utilise their assets
c. Firms’ ability to manage short-term financial obligations
d. Firms’ ability to manage long-term financial obligations
e. How well firms generate profits