he following information indicates percentage returns for stocks L and M over a 6-year period:

In combining [L−M] in a single portfolio, stock M would receive 60% of capital funds.

Furthermore, the information below reflects percentage returns for assets F, G, and H over a 4-year period, with asset F being the base instrument:

Using these assets, you have a choice of either combining [F−G] or [F−H] in a single portfolio, on an equally-weighted basis.

Required: Calculate the absolute percentage difference in the coefficient of variation (CV) between the stock portfolio [L−M] and the portfolio which outlines the optimal combination of assets.

Answer% Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places (for example: 28.31%).

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow. FORTEN COMPANY Comparative Balance Sheets December 31, 2017 and 2016 2017 2016 Assets Cash $ 78,400 $ 92,500 Accounts receivable 94,460 69,625 Inventory 304,156 270,800 Prepaid expenses 1,400 2,275 Total current assets 478,416 435,200 Equipment 138,500 127,000 Accum. depreciation—Equipment (46,125 ) (55,500 ) Total assets $ 570,791 $ 506,700 Liabilities and Equity Accounts payable $ 72,141 $ 143,175 Short-term notes payable 15,700 9,800 Total current liabilities 87,841 152,975 Long-term notes payable 55,500 67,750 Total liabilities 143,341 220,725 Equity Common stock, $5 par value 200,750 169,250 Paid-in capital in excess of par, common stock 56,500 0 Retained earnings 170,200 116,725 Total liabilities and equity $ 570,791 $ 506,700 FORTEN COMPANY Income Statement For Year Ended December 31, 2017 Sales $ 677,500 Cost of goods sold 304,000 Gross profit 373,500 Operating expenses Depreciation expense $ 39,750 Other expenses 151,400 191,150 Other gains (losses) Loss on sale of equipment (24,125 ) Income before taxes 158,225 Income taxes expense 50,850 Net income $ 107,375 Additional Information on Year 2017 Transactions The loss on the cash sale of equipment was $24,125 (details in b). Sold equipment costing $103,875, with accumulated depreciation of $49,125, for $30,625 cash. Purchased equipment costing $115,375 by paying $68,000 cash and signing a long-term note payable for the balance. Borrowed $5,900 cash by signing a short-term note payable. Paid $59,625 cash to reduce the long-term notes payable. Issued 4,400 shares of common stock for $20 cash per share. Declared and paid cash dividends of $53,900. Problem 16-3A Indirect: Statement of cash flows LO A1, P1, P2, P3 Required: 1. Prepare a complete statement of cash flows; report its operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

33. During Year 1, JR Company completed the transactions listed below. JR's fiscal year ends on December 31. Prepare journal entries to record each of the transactions. Note that the adjusting entries required on December 31 will be prepared in the following equation (so don't include the end-of-year adjusting entries here). 20 points

A. On January 1, owners invested $10,000 in the business in exchange for 10,000 shares of common stock with a par value of $0.01 per share.

B. On April 1, the company purchased equipment for $12,000. They paid half in cash and agreed to pay the rest in one year.

C. On July, the company received a loan of $20,000, due in 1 year, with an annual interest rate of 10%.

D. On October 20, a customer made an advance deposit of $1,500 for services to be provided later

E. On November 1, the company paid $3,000 for a 3 year insurance policy

34. Using the necessary information from the prior question, prepare the adjusting entries for JR company required on December 31, Year 1. 20 points

F. The company uses the straight-line depreciation method. It estimated that the equipment in transaction B will have a salvage value of $1,000 and a useful life of 5 years. With respect to equipment, provide the adjusting entry required at the end of Year 1.

G. With respect to the loan in transaction C, provide the adjusting entry required at the end of Year 1.

H. Services worth $500 have been provided to the customer in transaction D. provide the adjusting entry required at the end of Year 1.

I. With respect to the insurance policy in transaction E, provide the adjusting entry required at the end of Year 1.

Last year Carson Industries issued a 10-year, 15% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 6 years at a price of $1,075 and it sells for $1,270. What is the bond's nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. 10.56 % What is the bond's nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places. 9.88 % Would an investor be more likely to earn the YTM or the YTC? What is the current yield? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answer to two decimal places. 11.81 % Is this yield affected by whether the bond is likely to be called? If the bond is called, the current yield will remain the same but the capital gains yield will be different. If the bond is called, the current yield and the capital gains yield will remain the same. If the bond is called, the capital gains yield will remain the same but the current yield will be different. If the bond is called, the current yield and the capital gains yield will both be different. If the bond is called, the current yield and the capital gains yield will remain the same but the coupon rate will be different. What is the expected capital gains (or loss) yield for the coming year? Use amounts calculated in above requirements for calcuation, if reqired. Round your answer to two decimal places. Enter a loss percentage, if any, with a minus sign. -1.25 % Is this yield dependent on whether the bond is expected to be called? If the bond is not expected to be called, the appropriate expected total return is the YTC. If the bond is expected to be called, the appropriate expected total return will not change. The expected capital gains (or loss) yield for the coming year depends on whether or not the bond is expected to be called. The expected capital gains (or loss) yield for the coming year does not depend on whether or not the bond is expected to be called. If the bond is expected to be called, the appropriate expected total return is the YTM.

QUESTION 1

Last year, you purchased a 5-year bond, pays semiannually, and has a coupon rate of 6%. If the yield in the market is currently 5%, calculate the price of the bond today.

QUESTION 2

A bond will mature in 10 years, has a YTM of 6.5%, and makes annual payments. If the bond price is $1104 today, what is the coupon rate?

QUESTION 3

A bond will mature in 10 years, has a YTM of 6.5%, and makes semiannual payments. If the bond price is $1104 today, what is the coupon rate?

QUESTION 4

A zero coupon bond will mature in 8 years and has a yield of 7%. If this bond pays annually, what is the price of this bond?

QUESTION 5

Calculate the price of this bond: Yield = 5.55%, Time to maturity = 7 years, Coupon rate = 4.6%, Pays = annually.

Your friends suggest that you take a 15-year mortgage, because a 30-year mortgage is too long and you will pay a lot of money on interest. If your bank approves a 15-year, $700,000 loan at a fixed nominal interest rate of 12% (APR), then the difference in the monthly payment of the 15-year mortgage and 30-year mortgage will be   ?(Note: Round the final value of any interest rate used to four decimal places. )

It is likely that you won’t like the prospect of paying more money each month, but if you do take out a 15-year mortgage, you will make far fewer payments and will pay a lot less in interest. How much more total interest will you pay over the life of the loan if you take out a 30-year mortgage instead of a 15-year mortgage?

$1,490,250.96

$1,274,272.56

$1,079,892.00

$1,382,261.76

A​ 2-year Treasury bill currently offers a

22​%

rate of return. A​ 3-year Treasury note offers a

44​%

rate of return. Under the expectations​ theory, what rate of return do investors expect a​ 1-year Treasury bill to pay 2 year from​ now?

The rate of return investors expect a​ 1-year Treasury bill to pay 2 years from now is

Cash flow series

Determine the expected present worth of the following cash flow series if each series may be realized with the probability shown at the head of each column. Let i = 20% per year.

The present worth when the probability is 0.3 is $

The present worth when the probability is 0.22 is $

The present worth when the probability is 0.48 is $

The expected present worth value is $  .

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow.

On January 1, Year 1, Sayers Company issued $273,000 of five-year, 5 percent bonds at 102. Interest is payable semiannually on June 30 and December 31. The premium is amortized using the straight-line method.

Required
Prepare the journal entries to record the bond transactions for Year 1 and Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Record the interest expenses and amortization for bonds payable.

Jun 30 same chart

Record the interest expenses and amortization for bonds payable.

Dec 31

• Record the interest expenses and amortization for bonds payable.

JUN 30

Record the interest expenses and amortization for bonds payable.

Dec 31