Smith Enterprises recently was profiled on a financial information website and touted as a "hot" growth stock. You acquired the stock quote shown here from that website.

The last trade time is shown to be at 4:00 PM Eastern Time. The abbreviation “ttm” stands for “trailing twelve months,” and the number shown reflects data from the previous 12 months. The abbreviation “3m” reflects data from the previous 3 months.

1. What exchange does Smith Enterprises trade on?

a. SME

b. NASDAQ

c. AMEX

d. DAX

e. FTSE

2. What is Smith’s earnings per share (EPS) for the trailing 12 months?

a. $1.83

b. $1.91

c. $2.14

d. $1.75

e. $2.19

3. How much did the price increase today over yesterday’s closing price?

a. $5.08

b. $5.15

c. $5.57

d. $5.22

e. $5.64

4. How heavy was the trading of Smith’s stock today relative to the normal level of trading?

a. Relatively light trading

b. Average trading

c. Relatively heavy trading

PAYING OFF CREDIT CARDS

Simon recently received a credit card with an 17% nominal interest rate. With the card, he purchased an Apple iPhone 5 for $500. The minimum payment on the card is only $10 per month.

1. If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? Do not round intermediate calculations. Round your answer to the nearest month.
   ? month(s)

2. If Simon makes monthly payments of $30, how many months will it be before he pays off the debt? Do not round intermediate calculations. Round your answer to the nearest month.
   ? month(s)

3. How much more in total payments will Simon make under the $10-a-month plan than under the $30-a-month plan. Do not round intermediate calculations. Round your answer to the nearest cent.
   $ ?

Avicorp has a

$ 10.3

million debt issue​ outstanding, with a

6.1 %

coupon rate. The debt has​ semi-annual coupons, the next coupon is due in six​ months, and the debt matures in five years. It is currently priced at

94 %

of par value.

a. What is​ Avicorp's pre-tax cost of​ debt? Note: Compute the effective annual return.

b. If Avicorp faces a

40 %

tax​ rate, what is its​ after-tax cost of​ debt?

​Note: Assume that the firm will always be able to utilize its full interest tax shield.

Suppose that you are age 25 today and plan on retiring at age 65. You determined that you need to have saved $659,754 in real dollars by the time you retire. How much must you contribute (in real dollars) each year to your retirement account to achieve your goal? Assume the following:

you make annual contributions;

each contribution is the same amount in real dollars;

the first contribution will be one year from today; your last contribution will be at age 65;

your portfolio earns a real annual rate of return of 4.45%, compounded annually.

Do not round at intermediate steps in your calculation. Round your answer to the nearest dollar. Do not type the $ symbol.

You have a loan for $200,000 at 5% interest over 15 years. In the eighth year you pay off $5000

a)If your payment doesn't change, how much longer until the loan is paid off?

b)if the loan re-amortized, or the maturity date stays the same, what would the new payment be?

Given the popularity of IRR, you have decided to use it to evaluate a project. The cashflows from the project will be $40k, $42k and $28k in years 1 through 3. After that the project will yield cashflows of $20k per year, forever. The project’s initial cost is $450k and the firm’s opportunity cost/hurdle rate is 7%. Write down the equation used to solve for the IRR (do not solve for the actual IRR). Does the project have conventional cashflows?

Inverse mutual funds, sometimes referred to as "bear market" or "short" funds, seek to deliver the opposite of the performance of the index or category they track, and can thus be used by traders to bet against the stock market. This question is based on the following table, which shows the performance of three such funds as of August 12, 2011.

You invested a total of $8,000 in the three funds at the beginning of 2011, including an equal amount in RYURX and RYIHX. Your year-to-date loss from the first two funds amounted to $340. How much did you invest in each of the three funds?

You are looking to purchase a $300,000 30 year mortgage at 6.5% a) what is the monthly payment b) if you want to pay it off in year 9, how much do you owe? c) How much interest would you have paid? d) if the lender charged 1.5 points, what is the effective interest if you paid it off in year 9?

Find a news article that discusses raising capital or an IPO, The article should be no more than 12 months old. Summarize the article and analyse the impact on the company the article is choose from.

You’ve been asked to evaluate a project. Your estimates say that the first cashflow of $120k will occur one year from today. You believe the cashflows will increase by 4% per year for 4 additional years. After that point, the cashflows will remain the same for 5 years. The upfront cost to take the project is $950k, and the appropriate discount rate is 6%. What is the project’s NPV?

Please make sure to apply the equation for a perpetuity (c/(r-g)) !

Found some previous answers to this, but only question 7 seems to be corrent. Would really appreciate some help.

RosenBall, ASA expects a cash-equivalent EBIT of 200 million without any growth in the foreseeable future. The firm’s overall cost of capital (the required rate of return on assets) is 10%, the applicable tax-rate is 25%, and there are 200 million shares outstanding. RosenBall’s board of directors are currently looking into the possibility of refinancing the firm by borrowing 900 million at an interest rate of 5% per year. The loan is serviced by paying the annual interest, only. Problem 7 What is currently the all-equity value of RosenBall, ASA? State your answer as a whole number without any decimal points.

Problem 7 What is currently the all-equity value of RosenBall, ASA? State your answer as a whole number in millions without any decimal points.

The correct answer to problem 7 is 1500, this one i figured out.

Problem 8 With corporate taxes, only, what is RosenBall’s market value following the announcement of the refinancing plan? State your answer as a whole number in millions without any decimal points.

Problem 9 With corporate taxes, only, what is RosenBall’s market value per share following the announcement of the refinancing plan? State your answer to two decimal points.

Problem 10 With corporate taxes, only, what is RosenBall’s market value per share when the actual borrowing has taken place? State your answer to two decimal points.

1. A Common stock of General Motors closed at $38.16 today 7/03/19 The company paid $0.40 last quarter and the growth rate is expected to be 5.5%. What will be the investor’s price assuming she has a required rate of 9.5%? What would be the yield the yield on the investment based on an annual (4x$0.40) dividend? Would she buy, sell, or hold if she is interested in trading for a profit? Explain fully.

2. AT&T 10-year bonds paying 8% currently sells for 0.96 which is equivalent to $960 in dollar terms.

a. What is the current yield?

b. What is the yield to maturity?

c. What is the investor’s price assuming she is requiring 11% return

d. Would she invest in the bond? WHY?__________________

Globo-Chem Co. reported net sales of $600 million last year and generated a net income of $132.00 million. Last year’s accounts receivable increased by $17 million. What is the maximum amount of cash that Globo-Chem Co. received from sales last year?

Stock X has a 10.0% expected return, a beta coefficient of 0.9, and a 30% standard deviation of expected returns. Stock Y has a 13.0% expected return, a beta coefficient of 1.3, and a 25.0% standard deviation. The risk-free rate is 6%, and the market risk premium is 5%.

1. Calculate each stock's coefficient of variation. Round your answers to two decimal places. Do not round intermediate calculations.

   CV_x =

   CV_y =

2. Which stock is riskier for a diversified investor?

   1. For diversified investors the relevant risk is measured by beta. Therefore, the stock with the higher beta is less risky. Stock Y has the higher beta so it is less risky than Stock X.
   2. For diversified investors the relevant risk is measured by beta. Therefore, the stock with the higher beta is more risky. Stock Y has the higher beta so it is more risky than Stock X.
   3. For diversified investors the relevant risk is measured by standard deviation of expected returns. Therefore, the stock with the higher standard deviation of expected returns is more risky. Stock X has the higher standard deviation so it is more risky than Stock Y.
   4. For diversified investors the relevant risk is measured by beta. Therefore, the stock with the lower beta is more risky. Stock X has the lower beta so it is more risky than Stock Y.
   5. For diversified investors the relevant risk is measured by standard deviation of expected returns. Therefore, the stock with the lower standard deviation of expected returns is more risky. Stock Y has the lower standard deviation so it is more risky than Stock X.
   -Select-

3. Calculate each stock's required rate of return. Round your answers to two decimal places.

   r_x =  %

   r_y =  %

4. On the basis of the two stocks' expected and required returns, which stock would be more attractive to a diversified investor?
   -Select-Stock XStock YItem 6

5. Calculate the required return of a portfolio that has $7,500 invested in Stock X and $2,500 invested in Stock Y. Do not round intermediate calculations. Round your answer to two decimal places.

   r_p =  %
   
6. If the market risk premium increased to 6%, which of the two stocks would have the larger increase in its required return?
   -Select-Stock X OR Stock Y

Use the following financial statements for Lake of Egypt Marina, Inc.

h) Fixed asset turnover

i) Sales to working capital

j) Total asset turnover

k) Capital intensity

l) Debt ratio

m) Debt-to-equity

n) Equity multiplier

o) Times interest earned

p) Cash coverage

q) Profit margin

r) gross profit margin

s) Operating profit margin

t) Basic earnings power

u) ROA

v) ROE

w) Dividend payout

x) Market-to-book ration

y) PE ratio