Suppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently trading at $80.75, 1,000 shares of Walmart, currently trading at $79.10, and 2,500 shares of Pfizer, currently trading at $47.50. The mutual fund has no liabilities and 10,000 shares outstanding held by investors. a. What is the NAV of the fund? b. Calculate the change in the NAV of the fund if tomorrow JPMorgan's shares increase to $82, Walmart's shares increase to $84, and Pfizer's shares decrease to $46. c. Suppose that today 1,000 additional investors buy one share each of the mutual fund at the NAV of $35.935. This means that the fund manager has $35,935 in additional funds to invest. The fund manager decides to use these additional funds to buy additional shares in JPMorgan Chase. Calculate tomorrow's NAV given the same rise/fall in share values as assumed in part (b). (For all requirements, do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) a. NAV of the Fund b. Change in NAV C. Tomorrow's NAV

The main answer is that the statement is partially true but also oversimplifies the complex role of Hong Kong in the financial world. While Hong Kong has certainly played an important role as a gateway between China and the rest of the world, its importance is not solely derived from this role. Hong Kong also has a long history as a center of international trade and finance, and has developed expertise in a wide range of financial services beyond just those related to China.

However, there are also significant challenges facing Hong Kong in maintaining its role as a financial gateway. One major challenge is the increasing competition from other financial centers, particularly in mainland China. Another challenge is the ongoing political and economic tensions between Hong Kong and China, which could undermine confidence in Hong Kong's stability and autonomy.

To address these challenges, Hong Kong will need to continue to innovate and diversify its financial services, while also working to maintain its unique position as a gateway to China. This will require careful navigation of the complex political and economic realities of the region.

For more questions like Financial, click the link below:

https://brainly.com/question/29641948

#SPJ11

There are various factors that affect one's disposition to becoming impartial towards certain actions or circumstances that need ethical decisions. Three common factors include cognitive biases, emotions, and social influences.

1. Cognitive biases: These are mental shortcuts or systematic errors in thinking that can impact impartiality. For instance, confirmation bias leads individuals to favor information that confirms their pre-existing beliefs and discount information that contradicts them. This can result in biased decision-making as people tend to overlook alternative perspectives.

2. Emotions: Personal feelings and emotions can also influence impartiality. When faced with an ethical decision, individuals may let their emotions guide their choices, resulting in decisions based on emotional attachments or reactions rather than objective analysis. For example, empathy for a particular individual or group can lead to favoritism and an inability to remain impartial.

3. Social influences: Lastly, social factors such as cultural norms, peer pressure, and groupthink can impact impartiality. People may unconsciously conform to the views of those around them or adhere to established norms, even if those views or norms are unethical. In these situations, individuals might not critically evaluate the ethical aspects of their decisions and instead focus on fitting in with the group or society.

To know more about ethical decisions click here

brainly.com/question/30247236

#SPJ11

Tax liability of Ron and Madeleine is $1,995.72.

Ron and Madeleine's tax liability on the dividends received would be calculated as follows:

First, they need to determine their taxable income including the $1,450 in dividends

Assuming no other income, their taxable income would be $5,383 ($4,000 standard deduction + $1,450 dividends - $67 personal exemption).

Next, they need to calculate the tax on this amount using the tax brackets for 2023.

The first $19,050 of taxable income is taxed at 10%, the next $58,350 is taxed at 12%, and the remaining amount up to their taxable income is taxed at 27%.

Their tax liability on the dividends received would therefore be $290.50, calculated as follows:

- The first $19,050 is taxed at 10%, which is $1,905.

- The remaining $336 ($5,383 - $19,050) is taxed at 27%, which is $90.72.

- Their total tax liability is $1,905 + $90.72 = $1,995.72.

However, it's important to note that this calculation assumes no other income or deductions. Ron and Madeleine's actual tax liability may differ based on their individual tax situation.

Learn more about tax liability at

https://brainly.com/question/16950901

#SPJ11

Booth Company's additional funds needed (AFN) for the coming year is $382, rounded to the nearest dollar.

To calculate Booth Company's additional funds needed (AFN) for the coming year, we need to determine the amount of assets and liabilities required to support the forecasted sales of $2,000.

We can start by calculating Booth's projected financial statements for 2017 using the given information and assumptions.

Projected income statement:

Sales $2,000

Less: Cost of goods sold (97% of sales) 1,940

Gross profit 60

Less: Taxes (at 40% tax rate) 24

Net income 36

Projected balance sheet:

Assets:

Cash $100

Accounts receivable (200 x 2) 400

Inventories (200 x 2) 400

Net fixed assets (500 x 1.5) 750

Total assets $1,650

Liabilities and equity:

Accounts payable (50 x 2) $100

Notes payable (150 x 2) 300

Accruals (50 x 2) 100

Long-term debt 400

Common stock 100

Retained earnings (250 + 36 x 50%) 268

Total liabilities and equity $1,268

To determine the AFN, we need to compare Booth's projected total assets with its projected total liabilities and equity.

AFN = Projected total assets - Projected total liabilities and equity

AFN = $1,650 - $1,268

AFN = $382

Therefore, Booth Company's additional funds needed (AFN) for the coming year is $382, rounded to the nearest dollar. This indicates that the company will need to secure additional financing, either through external sources or by retaining more earnings, to support its forecasted sales growth.

for more such question on additional funds needed

https://brainly.com/question/13899103

#SPJ11

The purpose of short-term incentives is to encourage action that will drive up the value of the company stock.

Short-term incentives are typically bonuses or performance-based awards that are tied to achieving specific, measurable goals within a set period of time, usually a year or less. These incentives are often designed to motivate employees to work harder and smarter, to exceed their performance targets, and to contribute to the overall success of the company.

Short-term incentives are a common way to align employee behavior with company goals, as they create a direct link between individual performance and the financial success of the company. By tying rewards to specific outcomes, short-term incentives can help to focus employees' attention and energy on the most important tasks, and encourage them to work collaboratively and creatively to achieve those objectives.

Overall, short-term incentives are an effective tool for driving employee engagement, promoting teamwork and collaboration, and increasing the value of the company's stock. By encouraging employees to take ownership of their performance and contributions to the organization, short-term incentives can help to build a more motivated and productive workforce, and ultimately drive long-term success for the company.

For more such questions on Incentives.

https://brainly.com/question/27403958#

#SPJ11

Brian's net profit on the put option was $36,222 - $40,218 = -$3,996. This means that he made a loss of $3,996 on the put option.

Based on the given information, Brian Tull sold a put option in Canadian dollars for $0.04 per unit. The strike price was $0.82, and the spot rate at the time the option was exercised was $0.74.

This means that the buyer of the option had the right to sell Canadian dollars to Brian at $0.82 per unit, but since the spot rate was lower at $0.74, the buyer exercised the option to sell the Canadian dollars to Brian at a higher price.

Brian immediately sold off the Canadian dollars received when the option was exercised. Since there were 48,900 units in a Canadian dollar option, Brian received 48,900 x $0.82 = $40,218 when he bought the Canadian dollars from the buyer of the option.

When he sold off the Canadian dollars at the spot rate of $0.74, he received 48,900 x $0.74 = $36,222.

To know more about net profit refer here:

https://brainly.com/question/22024991#

#SPJ11

To hold an employer liable for racial harassment, an employee must show that the harassment was unwelcome and that the employer was directly responsible for it.

An employee must show that the harassment was unwanted, meaning they did not promote, instigate, or start the behavior, to hold an employer accountable for racial harassment. Additionally, the employee must show that the harassing behaviour was directly caused by the employer, for example, by the latter's failure to take adequate action after learning of the behaviour via complaints.

The harassment must also interfere with the employee's ability to execute their job tasks and create a situation that a reasonable person would find intimidating, hostile, or insulting. Finally, the harassment must be serious or pervasive enough to establish a hostile work environment.

Learn more about harassment:

https://brainly.com/question/30561803

#SPJ4

The yield to maturity for this bond is approximately 7.19%.

For more such question on maturity

https://brainly.com/question/15344510

#SPJ11

The document that one business sends to another business that identifies the goods or services to be purchased is a purchase order.

A purchase order is a legally binding document that specifies the type, quantity, price, and terms of the goods or services to be purchased. It serves as a formal communication between the buyer and the seller, outlining the details of the transaction and establishing the contractual agreement. The purchase order helps to ensure clarity and mutual understanding between the parties, and it typically includes information such as the buyer's and seller's names and addresses, item descriptions, quantities, prices, payment terms, delivery dates, and any other relevant terms and conditions for the purchase.

learn more about  Purchase order  here:

https://brainly.com/question/14725136

#SPJ11

The definition of the leverage ratio can vary, and in some contexts, the inverse of this ratio is also called a leverage ratio.

To answer your question about the leverage ratio and moral hazard in commercial banks over time, we first need to follow these steps:

1. Go to the St. Louis Federal Reserve FRED database.

2. Search for and find data on assets less liabilities, i.e. bank capital (RALACBM027SBOG), and total assets of commercial banks (TLAACBM027SBOG).

3. Set the date range to start from January 1995.

4. For each monthly observation, calculate the bank leverage ratio by dividing equity capital (RALACBM027SBOG) by total assets (TLAACBM027SBOG).

5. Create a line graph of the leverage ratio over time using the FRED database's graphing tools.

Once the graph is created, you can analyze it to draw conclusions about leverage and moral hazard in commercial banks during the considered time frame.

If the leverage ratio has decreased over time, it may indicate that banks are relying more on borrowed funds to finance their operations, which can increase the risk of moral hazard.

On the other hand, if the leverage ratio has increased over time, it may suggest that banks are becoming more conservative in their use of leverage, potentially reducing moral hazard risks.

Keep in mind that the definition of the leverage ratio can vary, and in some contexts, the inverse of this ratio is also called a leverage ratio.

To know more about leverage ratio, refer here:

https://brainly.com/question/31315958#

#SPJ11

Complete question:

A leverage ratio is any one of several financial measurements that look at how much capital a firm holds in relation to its total assets. For our purposes we define the bank's leverage ratio as equity capital divided by total assets.*

Go to the St. Louis Federal Reserve FRED database, and find data on assets less liabilities, i.e. bank capital (RALACBM027SBOG), and total assets of commercial banks(TLAACBM027SBOG). Starting in January 1995, for each monthly observation, calculate the bank leverage ratio. Create a line graph of the leverage ratio over time. (All of this can be done on their web site, spend the time and learn how.) All else being equal, what can you conclude about leverage and moral hazard in commercial banks over the time considered? *

- Just to show how nebulous the definition of the leverage ratio, the inverse of this ratio is also called a leverage ratio in other contexts.

The range in which Jane Smith’s FICO score falls, based on an APR of 4.98 percent is > 740. Therefore, the correct option is A.

The APR is determined by various factors, including credit history, income, and debt-to-income ratio. However, typically individuals with higher FICO scores (>740) are offered lower APRs, while those with lower scores (660-679) are offered higher APRs.

Based on the information provided, Jane Smith applies for a car loan with a quoted APR of 4.98 percent. To determine which range her FICO score falls into, we need to consider the typical APRs associated with various FICO score ranges.

We can see that an APR of 4.98 percent is relatively low, which suggests that Jane has a good credit score. Therefore, Jane Smith's FICO score likely falls within the range of Option A. >740,

Learn more about FICO score:

https://brainly.com/question/29099198

#SPJ11

An artist who sells his paintings to a gallery is paid a γ share of the revenue, R, where R = pq.

In this case, p = $20 is the competitive market price for paintings, and q represents the number of paintings sold.

The gallery's cost function is C(q) = 2q^2.

To find the equilibrium, we need to determine the artist's revenue function, which is given by:

Artist's revenue = γ × Gallery's revenue

= γ × pq

= γ × p(q)

The gallery's revenue is given by:

Gallery's revenue = R - C(q)

= pq - 2q^2

Substituting p = $20, we get:

Gallery's revenue = 20q - 2q^2

Now, the artist's revenue is given by:

Artist's revenue = γ × (20q - 2q^2)

To find the equilibrium, we need to find the value of q that maximizes the artist's revenue. Taking the derivative of the artist's revenue with respect to q and setting it equal to zero, we get:

d/dq [γ(20q - 2q^2)] = γ(20 - 4q) = 0

Solving for q, we get:

q* = 5

This is the equilibrium quantity. To find the equilibrium price, we substitute q* into the gallery's revenue function:

R* = 20q* - 2(q*)^2

= 20(5) - 2(5)^2

= $50

Therefore, the equilibrium price is $50, and the equilibrium quantity is 5.

Now, let's maximize the sum of the payment to the painter plus the gallery's profit. The painter's payment is given by γpq, and the gallery's profit is given by R - C(q). Therefore, the total sum is:

Total sum = γpq + R - C(q)

= γpq + pq - 2q^2

Substituting p = $20, we get:

Total sum = 20γq + 20q - 2q^2

To find the quantity that maximizes the total sum, we take the derivative of the total sum with respect to q and set it equal to zero:

d/dq [20γq + 20q - 2q^2] = 20γ - 4q = 0

Solving for q, we get:

q** = 5γ

Substituting q** into the total sum function, we get:

Total sum** = 100γ - 50γ^2

To find the value of γ that maximizes the total sum, we take the derivative of the total sum with respect to γ and set it equal to zero:

d/dγ [100γ - 50γ^2] = 100 - 100γ = 0

Solving for γ, we get:

γ* = 1

Substituting γ* into the total sum function, we get:

Total sum* = 50

Therefore, the quantity that maximizes the sum of the payment to the painter plus the gallery's profit is q** = 5, and the value of γ that maximizes the total sum is γ* = 1. The total sum at this point is $50.

To compare the equilibrium outcome with the outcome that maximizes the sum of the payment to the painter plus the gallery's profit, we can plot the two functions on a graph.

Here is a description of the graph:

The blue line represents the total revenue, which is R = pq. The green line represents the gallery's cost, which is C(q) = 2q^2. The red line represents the artist's revenue, which is γR = γpq.

The equilibrium point is where the blue and green lines intersect, which is at q* = 5. At this point, the total revenue is R* = pq* = $100, and the gallery's cost is C(q*) = $50. Therefore, the gallery's profit is π = R* - C(q*) = $50.

To maximize the sum of the payment to the painter plus the gallery's profit, we need to find the value of γ that maximizes the red line while still intersecting the green line at q* = 5. This occurs when γ = 0.25.

At this value of γ, the artist's revenue is γR* = $25, and the gallery's profit is also $25. Therefore, the total payment to the artist and the gallery's profit is $50, which is the same as the profit at the equilibrium point.

To know more about equilibrium point visit:

https://brainly.com/question/31405730

#SPJ11

The amount paid would be $343.50. This is because the payment was made within the 10-day discount period, so the customer is eligible for a 2% discount, which is $7. The remaining balance to be paid is $343.50.

The terms of payment 2/10, n/30 mean that the customer can receive a 2% discount if the invoice is paid within 10 days, otherwise, the full amount is due in 30 days. In this case, the payment was made on June 15, which is within the 10-day discount period.

Therefore, the customer is eligible for a discount of 2% of the invoice amount, which is $7 (2% of $350). So the amount paid is the invoice amount minus the discount, which is $343.50. It's important for businesses to keep track of their payment terms and discounts to ensure timely payments and efficient cash flow.

To know more about cash flow click on below link:

https://brainly.com/question/30736595#

#SPJ11

Dovbid, a company that sells non-standardized products to customers with unique needs, has adopted a differentiation strategy. This strategy involves creating a unique product or service that distinguishes the company from its competitors.

The adoption of a differentiation strategy is likely to benefit Dovbid in a number of ways. Firstly, it will enable the company to command a premium price for its products, as customers are willing to pay more for a unique and valuable product or service.

Secondly, a differentiation strategy will enable Dovbid to build a loyal customer base. By creating a unique and valuable product or service, the company will be able to establish a strong brand identity and a reputation for quality and innovation.  

Overall, the adoption of a differentiation strategy is likely to be a successful approach for Dovbid, as it will enable the company to create a unique and valuable offering that meets the needs of its customers with unique needs. By doing so, the company will be able to differentiate itself from its competitors and establish a strong market position.

To know more about  differentiation strategy refer here

https://brainly.com/question/16448107#

#SPJ11

Roberts has a lower proportion of debt relative to equity

The debt to equity ratios for the three comparable companies are:

Adams at 1.5, Flagler at 1.8, and Roberts at 1.4.

This ratio measures the financial leverage of a company by comparing its total debt to its shareholders' equity.

A lower ratio typically indicates lower risk, as the company relies less on borrowed funds and has a stronger equity base.

In this case, the risk of bankruptcy appears to be lowest for Roberts with a debt to equity ratio of 1.4.

This suggests that Roberts has a lower proportion of debt relative to equity, making it less susceptible to financial distress compared to Adams and Flagler.

Therefore, the correct answer for the multiple-choice question would be Roberts.

Learn more about debt-equity ratio at

https://brainly.com/question/25651634

#SPJ11

The competition among the four firms would drive the price down to the marginal cost of production, which is $14, and they would all make a profit of $6 per cup.

(a) None of the four firms will be able to produce high-quality cups without making losses because consumers value cups at their cost of production. Since the high-quality cups cost $14 to produce, but consumers only value them at $10, the firms would have to sell them at a loss. In contrast, the low-quality cups cost $10 to produce and are valued by consumers at the same price, so the firms can sell them at cost without making a profit or a loss. Therefore, it would not be economically feasible for any of the firms to produce high-quality cups.

(b) If consumers are willing to pay $34 for high-quality cups, then the firms can sell them at a profit. Since the cost of production for high-quality cups is $14, the firms can sell them for $34 - $14 = $20 per cup and make a profit of $6 per cup. This price would be attractive to the firms since they would be able to cover the cost of production and make a profit. In contrast, the low-quality cups would still be sold at cost since consumers only value them at $10. The firms would now have an incentive to produce high-quality cups since they would be able to make a profit. The competition among the four firms would drive the price down to the marginal cost of production, which is $14, and they would all make a profit of $20 - $14 = $6 per cup.

For more about competition:

https://brainly.com/question/2570802

#SPJ11

The divisional managers' decisions pertaining to divisions' long-term goals, overall strategy, and structure are called business-level strategy.

Business-level strategy refers to the decisions and actions taken by divisional managers to achieve the long-term goals and objectives of the division. This includes decisions related to the division's product offerings, market positioning, pricing, and resource allocation.

The business-level strategy also includes decisions related to the division's organizational structure, such as the divisional hierarchy, the allocation of resources and responsibilities, and the design of performance management systems.

In essence, the business-level strategy focuses on how the division will compete in its specific market and how it will achieve its goals and objectives over the long term.

For more questions like Managers click the link below:

https://brainly.com/question/11599959

#SPJ11

Each share is worth $21.4 using relative valuation is $21.4.

1. Calculate EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)

Operating Income (OI) = Revenues * Operating Margin = $26 million * 25.0% = $6.5 million

EBITDA = OI + Depreciation and Amortization Expenses = $6.5 million + $7 million = $13.5 million

2. Calculate Enterprise Value (EV)

EV = EBITDA * EV/EBITDA multiple = $13.5 million * 18 = $243 million

3. Determine the market value of equity

Market Value of Equity (MVE) = EV - Debt + Cash = $243 million - $38 million + $9 million = $214 million

4. Calculate the value per share

Value per Share = MVE / Shares Outstanding = $214 million / 10 million = $21.4

Hence, using relative valuation, the price of each share is $21.4, rounded to one decimal place.

Learn more about Share:

https://brainly.com/question/14268324

#SPJ11

a. The record for the transactions are as follows:

b. The stockholders' equity section of the balance sheet as of December 31, 2015 is as follows:

The Common Stock account reflects the 110,000 shares of common stock issued at $10 par value. The Paid-in Capital in Excess of Par Value - Common Stock account reflects the excess amount received over the par value for the common stock issuance. The Preferred Stock account reflects the 60,000 shares of preferred stock issued at $10 par value.

The Paid-in Capital in Excess of Par Value - Preferred Stock account reflects the excess amount received over the par value for the preferred stock issuance. The Retained Earnings account reflects the net income for the year ($490,000) minus the dividends declared ($84,000 for common and $36,000 for preferred). The Treasury Stock account reflects the cost of the shares of common stock repurchased and not resold. The total stockholders' equity is the sum of all accounts.

To learn more about Common Stock, here

https://brainly.com/question/13762106

#SPJ4

No, the package is not worth Rs.10 million, the amount is less than the Rs.10 million assuming a 10% discount rate. Its present value is approximately Rs.7.9 million.

To calculate the present value of the contract, we need to discount each cash flow back to its present value using the 10% discount rate. The immediate cash bonus of Rs.1 million has no time value, so its present value is simply Rs.1 million.

For the salary payments, we can use the formula:

PV = FV / (1 + r)^n

Where PV is the present value, FV is the future value, r is the discount rate, and n is the number of years.

So, for the Rs.2 million salary payment at the end of the first year, the present value is:

PV = 2,000,000 / (1 + 0.1)^1 = Rs.1,818,182

For the Rs.3 million salary payment at the end of the second year:

PV = 3,000,000 / (1 + 0.1)^2 = Rs.2,289,256

And for the Rs.4 million salary payment at the end of the third year:

PV = 4,000,000 / (1 + 0.1)^3 = Rs.2,801,058

Adding up these present values gives us a total present value of:

1,000,000 + 1,818,182 + 2,289,256 + 2,801,058 = Rs.7,908,496

Since this amount is less than the Rs.10 million stated in the contract, the package is not worth Rs.10 million. Its present value is approximately Rs.7.9 million.

for more such question on discount rate

https://brainly.com/question/9841818

#SPJ11

The original cost of the mink coats is $6,000.

Raul's Furrier marks up mink coats by $3,000, which represents a 50% markup on the cost of the coats.

To find the original cost of the coats, we can use the markup percentage and the markup amount. Let's denote the cost of the coats as "C".

Since the markup is 50% of the cost, we can represent the markup amount ($3,000) as 0.5 * C (50% converted to decimal is 0.5).

Now, we can set up an equation: 0.5 * C = $3,000

To solve for C (the cost of the coats), we can simply divide both sides of the equation by 0.5:

C = $3,000 / 0.5 C = $6,000

Learn more about original cost at

https://brainly.com/question/30143744

#SPJ11

The present value of receiving $10 once a year forever, starting one year from now, with a discount rate of 10% per year, is $100.

To answer your question, we need to calculate the present value of a perpetuity, which is a fixed cash flow paid forever, in this case, $10 paid once a year. Given the discount rate is 10% per year, we will use the perpetuity formula to find the present value:

PV (Present Value) = A / r

Where A is the fixed cash flow ($10) and r is the discount rate (0.1 or 10%).

PV = $10 / 0.1
PV = $100

Therefore, the present value of receiving $10 once a year forever, starting one year from now, with a discount rate of 10% per year, is $100.

For more about present value:

https://brainly.com/question/17322936

#SPJ11

Editor and publisher, broadcasting, and sales management are collectively known as elements of media management. These terms represent various roles and processes involved in the organization, production, and distribution of media content.

Overall, the media and communications field is vast and varied, encompassing a wide range of careers and specialties. The industry is constantly evolving as new technologies and trends emerge, making it an exciting and dynamic field for those interested in pursuing a career in this area.

Learn more about electronic here:

https://brainly.com/question/1255220

#SPJ11

Editor and publisher, broadcasting, and sales management are known as fields or industries within the broader category of media and communication. Each of these fields involves different tasks and responsibilities.

Editor and publisher is a field within the publishing industry that involves overseeing the creation and production of written materials, such as books, magazines, and newspapers. Editors and publishers work closely with writers and other contributors to ensure that content is accurate, well-written, and meets the needs of their audience.

Broadcasting is a field within the media industry that involves creating and disseminating audio and video content through radio, television, and other digital platforms. Broadcasting professionals work in a variety of roles, including producers, writers, reporters, and on-air personalities, to create content that informs, entertains, and educates their audience.

Sales management is a field within the business industry that involves overseeing and directing a team of sales professionals to achieve business goals, such as increasing revenue and market share. Sales managers are responsible for developing sales strategies, setting sales targets, and training and motivating their team to achieve success.

Click the below link, to learn more about Communication:

https://brainly.com/question/22558440

#SPJ11

a. The market value of the bonds can be calculated using the present value of an annuity formula, which is given by:

MV = PV x [(1 - (1 + r)-n)/r]

Where PV is the par value, r is the rate of return, and n is the number of periods (in this case, 14 years).

MV = $1,000 x [(1 - (1 + 0.13)-14)/0.13]

MV = $1,000 x 13.08

MV = $13,080

b. The net price of the bonds after flotation costs is equal to the market value multiplied by (1 - flotation costs). So, in this case, the net price is equal to:

Net Price = $13,080 x (1 - 0.14)

Net Price = $11,183.20

c. The firm will need to issue 700,000 / 1,000 = 700 bonds to receive the needed funds.

d. The after-tax cost of debt for the firm is equal to the rate of return (13%) multiplied by (1 - marginal tax rate). So, in this case, the after-tax cost of debt is equal to:

After-Tax Cost of Debt = 13% x (1 - 0.22)

After-Tax Cost of Debt = 10.06%

Know more about Market value here

https://brainly.com/question/15148120#

#SPJ11

3. Victor may have a breach of contract claim against Marissa for failing to pay the additional $300 if it was a part of their agreement and if Marissa had agreed to pay it. However, if it was not a part of their initial agreement, Victor would not have a breach of contract claim against Marissa for failing to pay the additional $300.

4. Marissa may not be able to get out of the contract with Victor based on the law of mistake regarding the condition of the engine since she agreed to purchase the car "as is." The law of mistake only applies when both parties make a mutual mistake regarding a fundamental aspect of the contract. In this case, there was no mutual mistake, and Marissa agreed to purchase the car "as is."

The remedy for a mutual mistake is typically to rescind the contract or reform it to reflect the intended agreement of both parties. However, in this case, there was no mutual mistake, so the remedy would not apply.

For more questions like Contract click the link below:

https://brainly.com/question/30101936

#SPJ11

The NAV per share of the mutual fund in this scenario is $10. This means that if you were to invest in this mutual fund, you would own a share of the fund worth $10. The NAV per share is also the price of the mutual fund, so if you were to buy or sell shares in the mutual fund, you would do so at a price of $10 per share.

Mutual funds are a type of investment vehicle that pools money from multiple investors to invest in various securities such as stocks, bonds, and other assets. When you invest in a mutual fund, you own a portion of the fund's assets. The value of your investment in the mutual fund is measured by the Net Asset Value (NAV) per share, which represents the value of each share in the fund.

Now, let's consider the given scenario where a mutual fund company has $12 million in assets and $10 million in liabilities, with 200,000 shares of the fund outstanding. To calculate the NAV per share, we need to first calculate the net assets of the fund, which is the difference between the total assets and the total liabilities.

Net assets = Total assets - Total liabilities

Net assets = $12 million - $10 million

Net assets = $2 million

Next, we need to divide the net assets by the total number of shares outstanding to find the NAV per share.

NAV per share = Net assets / Number of shares outstanding

NAV per share = $2 million / 200,000

NAV per share = $10

Click the below link, to learn more about Mutual funds:

https://brainly.com/question/31417979

#SPJ11

The product owner's authority to change and update the product backlog is unlimited, except for high-impact changes that have not been approved by the change request board. While the product owner has significant authority over the product backlog, they must still adhere to the organization's established processes for approving major changes.

Learn more about Product Backlog: https://brainly.com/question/30456768

#SPJ11      

The correct answer is option E: 20.0%. The capital asset pricing model (CAPM) can be used to calculate the equilibrium required rate of return for a stock. The CAPM formula is:

r = Rf + beta x (Rm - Rf)

Where:

r = required rate of return

Rf = risk-free rate

beta = beta of the stock

Rm = expected market return

Rm - Rf = market risk premium

Plugging in the values given in the question, we get:

r = 0.04 + 1.6 x 0.10

r = 0.04 + 0.16

r = 0.20 or 20%

Therefore, the correct answer is option E: 20.0%.

Learn more about “ capital asset pricing model (CAPM)  “ visit here;

https://brainly.com/question/28590164

#SPJ4

The NPV of Marian Plunket's investment opportunity is $559.14. Considering the positive NPV, Marian should take the investment.

To calculate the NPV, follow these steps:

1. Find the present value (PV) of each cash flow using the formula: PV = FV / (1 + r)ⁿ, where FV is the future value, r is the interest rate, and n is the year.

2. For each year, calculate the PV:
  - Year 1: PV1 = $4720 / (1 + 0.019)¹ = $4633.01
  - Year 2: PV2 = $4720 / (1 + 0.019)² = $4546.92
  - Year 3: PV3 = $4720 / (1 + 0.019)³ = $4461.87

3. Sum the PVs: Total PV = PV1 + PV2 + PV3 = $4633.01 + $4546.92 + $4461.87 = $13641.80

4. Subtract the initial investment and the additional investment: NPV = Total PV - Initial Investment - Additional Investment = $13641.80 - $1180 - $5900 = $559.14

To know more about cash flow  click on below link:

https://brainly.com/question/29768594#

#SPJ11