Last year Janet purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.24%. If Janet sold the bond today for $1,051.86, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places.

An electric utility is considering a new power plant in northern Arizona. Power from the plant would be sold in the Phoenix area, where it is badly needed. Because the firm has received a permit, the plant would be legal; but it would cause some air pollution. The company could spend an additional $40 million at Year 0 to mitigate the environmental problem, but it would not be required to do so. The plant without mitigation would cost $240.41 million, and the expected cash inflows would be $80 million per year for 5 years. If the firm does invest in mitigation, the annual inflows would be $84.88 million. Unemployment in the area where the plant would be built is high, and the plant would provide about 350 good jobs. The risk adjusted WACC is 16%.

1. Calculate the NPV and IRR with mitigation. Round your answers to two decimal places. Enter your answer for NPV in millions. Do not round your intermediate calculations. For example, an answer of $10,550,000 should be entered as 10.55. Negative value should be indicated by a minus sign.
   NPV $   million
   IRR  %

   Calculate the NPV and IRR without mitigation. Round your answers to two decimal places. Enter your answer for NPV in millions. Do not round your intermediate calculations. For example, an answer of $10,550,000 should be entered as 10.55.
   NPV $   million
   IRR  %

2. How should the environmental effects be dealt with when evaluating this project?
   1. The environmental effects should be ignored since the plant is legal without mitigation.
   2. The environmental effects should be treated as a sunk cost and therefore ignored.
   3. If the utility mitigates for the environmental effects, the project is not acceptable. However, before the company chooses to do the project without mitigation, it needs to make sure that any costs of "ill will" for not mitigating for the environmental effects have been considered in the original analysis.
   4. The environmental effects should be treated as a remote possibility and should only be considered at the time in which they actually occur.
   5. The environmental effects if not mitigated would result in additional cash flows. Therefore, since the plant is legal without mitigation, there are no benefits to performing a "no mitigation" analysis.
3. Should this project be undertaken?
   1. The project should be undertaken only under the "mitigation" assumption.
   2. The project should be undertaken since the IRR is positive under both the "mitigation" and "no mitigation" assumptions.
   3. The project should be undertaken since the NPV is positive under both the "mitigation" and "no mitigation" assumptions.
   4. Even when no mitigation is considered the project has a negative NPV, so it should not be undertaken.
   5. The project should be undertaken only if they do not mitigate for the environmental effects. However, they want to make sure that they've done the analysis properly due to any "ill will" and additional "costs" that might result from undertaking the project without concern for the environmental impacts.

A project has an initial requirement of $190,151 for new equipment and $11,289 for net working capital. The installation costs are expected to be $15,824. The fixed assets will be depreciated to a zero book value over the 4-year life of the project and have an estimated salvage value of $77,787. All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $78,979 and the cost of capital is 14% What is the project's NPV if the tax rate is 28%?

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.)