A company paid $150 in dividends and $500 in interest over the past year. The company increased retained earnings by $400 and had accounts payable of $690. Sales for the year were $16,000 and the tax rate was 30 percent. What was the company's EBIT?
Group of answer choices
$1,050
$1,286
$4,800
$3,750
$1,740
In: Finance
You are buying a car and will borrow $31,837 with a 5-year loan. The interest rate is 4.46%, what is your monthly payment?
In: Finance
A bond is in a risk class that pays 5% per year. The bond pays annual interest of $400 (and the first interest payment is one year from today) and will mature in 10 years at a value of $10,000. What is the price of the bond?
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The current cost of graduate school tuition is $19,771 per year. The cost of tuition is rising at 7% per year. You plan to attend graduate school for 3 years starting 2 years from now. How much do you have to invest today if your savings account earns 4.74% APR compounded annually to just fund your tuition?
In: Finance
In: Finance
What is the price of a 2-year Treasury note with a 4.6% coupon rate and semiannual coupon payments if the annualized theoretical spot rates for 6-month, 12-month, 1.5-year, and 2-year maturities are 2.1%, 3.1%, 4.27%, and 5.42%, respectively? Express in % of par, round to 0.001. E.g., if your answer is 102.3785, record it as 102.379.
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Assume that you buy some shares for $2.50 per share. At the end of the year, the price is $3.50 per share. During the year you got a dividend of $0.20 per share. What is the capital gains yield?
A. 250.0%
B. 100.0%
C. 40.0%
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What is the present value of CD with 4% annual interest that matures in 1 year with the value of $3000? What is the future value? What factor would determine which value you chose to use?
In: Finance
You start saving $1,000 at the end of this year and increase your
saving by 2% every year for 21 years. Your account earns 15%. How
much will you have in your account in 21 years?
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An investment over 4 years has an HPR of +4% in the first year, -7% in the second, +3.75% in the third, and +2.15% in the fourth year. Calculate the average annual compound rate of return over this 4-year holding period.
In: Finance