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FIN405 Strayer University Week 5 Expected Return of Equity Answers
Chapter 10
1.
This year, FCF, Inc., has earnings before interest and taxes of $10 million, depreciation expenses of $1 mi ...
FIN405 Strayer University Week 5 Expected Return of Equity Answers
Chapter 10
1.
This year, FCF, Inc., has earnings before interest and taxes of $10 million, depreciation expenses of $1 million, capital expenditures of $1.5 million, and has increased its net working capital by $500,000. If its tax rate is 35%, what is its free cash flow?
2.chas $500 million in debt and 20 million shares of equity outstanding. Its excess cash reserves are $15 million. They are expected to generate $200 million in free cash flows next year with a growth rate of 2% per year in perpetuity. River Enterprises’ cost of equity capital is 12%. After analyzing the company, you believe that the growth rate should be 3% instead of 2%. How much higher (in dollars) would the price per share of stock be if you are right?
Chapter 15
1.You are finalizing a bank loan for $200,000 for your small business and the closing fees payable to the bank are 2% of the loan. After paying the fees, what will be the net amount of funds from the loan available to your business?
9.Your firm successfully issued new debt last year, but the debt carries covenants. Specifically, you can only pay dividends out of earnings made after the debt issue and you must maintain a minimum quick (acid-test) ratio
((current assets?inventory)/current liabilities)
of 1:1. Your net income this year was $70 million. Your cash is $10 million, your receivables are $8 million, and your inventory is $5 million. You have current liabilities of $19 million. What is the maximum dividend you could pay this year and still comply with your covenants?
13. You own a bond with a face value of $10,000 and a conversion ratio of 450. What is the conversion price?
Chapter 16
5.
Hardmon Enterprises is currently an all-equity firm with an expected return of 12%. It is considering borrowing money to buy back some of its existing shares, thus increasing its leverage.
a. Suppose Hardmon borrows to the point that its debt-equity ratio is 0.50. With this amount of debt, the debt cost of capital is 6%. What will be the expected return of equity after this transaction?
b. Suppose instead Hardmon borrows to the point that its debt-equity ratio is 1.50. With this amount of debt, Hardmon’s debt will be much riskier. As a result, the debt cost of capital will be 8%. What will be the expected return of equity in this case?
c. A senior manager argues that it is in the best interest of the shareholders to choose the capital structure that leads to the highest expected return for the stock. How would you respond to this argument?
6 Suppose Microsoft has no debt and a WACC of 9.2%. The average debt-to-value ratio for the software industry is 5%. What would be its cost of equity if it took on the average amount of debt for its industry at a cost of debt of 6%?
7 Your firm is financed 100% with equity and has a cost of equity capital of 12%. You are considering your first debt issue, which would change your capital structure to 30% debt and 70% equity. If your cost of debt is 7%, what will be your new cost of equity?
American College of Education Advanced Topics in Statistics Questions
i need fixt it For question 2a, check the “id” variable to be sure you have the correct cases numbers that need to be ...
American College of Education Advanced Topics in Statistics Questions
i need fixt it For question 2a, check the “id” variable to be sure you have the correct cases numbers that need to be removed. There are three cases that should be removed that you did not list. Also, 18 and 1129 will automatically be removed since there is missing data for these cases (no MAH_1 value). Some of your values are different than what I have. Be sure you run the multiple regression with the profile-b data set and only with cases that are MAH_1 ≤ 22.458. For question 2h, you should not include the values for the variables that are not statistically significant. The regression equation should only include those variables that are statistically significant. For 2i, also mention that these two variables are not statistically significant and provide the p (sig) value.
Find the probability that a student picked from this group at random either has hazel or brown eyes?, statistics homework help
1. In a group of 92 students 40 have brown eyes, 35 have hazel eyes, and 17 have blue eyes. Find the probability that a st ...
Find the probability that a student picked from this group at random either has hazel or brown eyes?, statistics homework help
1. In a group of 92 students 40 have brown eyes, 35 have hazel eyes, and 17 have blue eyes. Find the probability that a student picked from this group at random either has hazel or brown eyes?Enter your answer as a fraction in the form a/b (for example 2/3, 5/7) or as an integer. 2. In a group of 45 boys; 17 own laptop, 19 own desktop computers, and 7 own both. Find the probability that a boy picked from this group at random owns either a laptop or a desktop computer?Enter your answer as a fraction in the form a/b (for example 2/3, 5/7) or as an integer.
MTH 218 UOPX Wk 5 Statistical Knowledge on Census Data Discussion
Consider the 2020 Census. The purpose a census is to gather information about all people living in the United States of Am ...
MTH 218 UOPX Wk 5 Statistical Knowledge on Census Data Discussion
Consider the 2020 Census. The purpose a census is to gather information about all people living in the United States of America. Once the data is collected, it can be used to describe and infer information about the population.Respond to the following in a minimum of 175 words:Given what you have learned so far in the course, what are some ways you could use your statistics knowledge to work with census data?What limitations would you have if you were using the simple procedures addressed in Wks 1-4 of this course?What additional statistical knowledge might be helpful to enhance your analysis?Post 2 replies to classmates or your faculty member. Be constructive and professional.**This was the original question and I need to reply to my classmate in a minimum 100 words without references:This is a classmate's response to the above discussion question:"One statistical method we can apply to the census data is to determine the confidence interval and margin of error of the sample compared to the total population. I believe this will be an important piece of the analysis because we would want to establish the level of certainty/uncertainty in the data collected. The data can also be split into different categories based on the answers to the questions (demographics, race, age, region, etc). We can use t-testing to compare multiple samples and find the p-value, which will provide information on how statistically relevant the data actually is. Establishing relevance and certainty in the data will give us a better understanding of how well the sample represents the population, therefore allowing us to making inferences about the population as a whole. The accuracy of the data would be a known limitation of the data because most of the data is self-reported and as humans, we are always apt to make some sort of errors. The manually collected data has an even higher probability of inaccuracies because it passes through two different hands."
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FIN405 Strayer University Week 5 Expected Return of Equity Answers
Chapter 10
1.
This year, FCF, Inc., has earnings before interest and taxes of $10 million, depreciation expenses of $1 mi ...
FIN405 Strayer University Week 5 Expected Return of Equity Answers
Chapter 10
1.
This year, FCF, Inc., has earnings before interest and taxes of $10 million, depreciation expenses of $1 million, capital expenditures of $1.5 million, and has increased its net working capital by $500,000. If its tax rate is 35%, what is its free cash flow?
2.chas $500 million in debt and 20 million shares of equity outstanding. Its excess cash reserves are $15 million. They are expected to generate $200 million in free cash flows next year with a growth rate of 2% per year in perpetuity. River Enterprises’ cost of equity capital is 12%. After analyzing the company, you believe that the growth rate should be 3% instead of 2%. How much higher (in dollars) would the price per share of stock be if you are right?
Chapter 15
1.You are finalizing a bank loan for $200,000 for your small business and the closing fees payable to the bank are 2% of the loan. After paying the fees, what will be the net amount of funds from the loan available to your business?
9.Your firm successfully issued new debt last year, but the debt carries covenants. Specifically, you can only pay dividends out of earnings made after the debt issue and you must maintain a minimum quick (acid-test) ratio
((current assets?inventory)/current liabilities)
of 1:1. Your net income this year was $70 million. Your cash is $10 million, your receivables are $8 million, and your inventory is $5 million. You have current liabilities of $19 million. What is the maximum dividend you could pay this year and still comply with your covenants?
13. You own a bond with a face value of $10,000 and a conversion ratio of 450. What is the conversion price?
Chapter 16
5.
Hardmon Enterprises is currently an all-equity firm with an expected return of 12%. It is considering borrowing money to buy back some of its existing shares, thus increasing its leverage.
a. Suppose Hardmon borrows to the point that its debt-equity ratio is 0.50. With this amount of debt, the debt cost of capital is 6%. What will be the expected return of equity after this transaction?
b. Suppose instead Hardmon borrows to the point that its debt-equity ratio is 1.50. With this amount of debt, Hardmon’s debt will be much riskier. As a result, the debt cost of capital will be 8%. What will be the expected return of equity in this case?
c. A senior manager argues that it is in the best interest of the shareholders to choose the capital structure that leads to the highest expected return for the stock. How would you respond to this argument?
6 Suppose Microsoft has no debt and a WACC of 9.2%. The average debt-to-value ratio for the software industry is 5%. What would be its cost of equity if it took on the average amount of debt for its industry at a cost of debt of 6%?
7 Your firm is financed 100% with equity and has a cost of equity capital of 12%. You are considering your first debt issue, which would change your capital structure to 30% debt and 70% equity. If your cost of debt is 7%, what will be your new cost of equity?
American College of Education Advanced Topics in Statistics Questions
i need fixt it For question 2a, check the “id” variable to be sure you have the correct cases numbers that need to be ...
American College of Education Advanced Topics in Statistics Questions
i need fixt it For question 2a, check the “id” variable to be sure you have the correct cases numbers that need to be removed. There are three cases that should be removed that you did not list. Also, 18 and 1129 will automatically be removed since there is missing data for these cases (no MAH_1 value). Some of your values are different than what I have. Be sure you run the multiple regression with the profile-b data set and only with cases that are MAH_1 ≤ 22.458. For question 2h, you should not include the values for the variables that are not statistically significant. The regression equation should only include those variables that are statistically significant. For 2i, also mention that these two variables are not statistically significant and provide the p (sig) value.
Find the probability that a student picked from this group at random either has hazel or brown eyes?, statistics homework help
1. In a group of 92 students 40 have brown eyes, 35 have hazel eyes, and 17 have blue eyes. Find the probability that a st ...
Find the probability that a student picked from this group at random either has hazel or brown eyes?, statistics homework help
1. In a group of 92 students 40 have brown eyes, 35 have hazel eyes, and 17 have blue eyes. Find the probability that a student picked from this group at random either has hazel or brown eyes?Enter your answer as a fraction in the form a/b (for example 2/3, 5/7) or as an integer. 2. In a group of 45 boys; 17 own laptop, 19 own desktop computers, and 7 own both. Find the probability that a boy picked from this group at random owns either a laptop or a desktop computer?Enter your answer as a fraction in the form a/b (for example 2/3, 5/7) or as an integer.
MTH 218 UOPX Wk 5 Statistical Knowledge on Census Data Discussion
Consider the 2020 Census. The purpose a census is to gather information about all people living in the United States of Am ...
MTH 218 UOPX Wk 5 Statistical Knowledge on Census Data Discussion
Consider the 2020 Census. The purpose a census is to gather information about all people living in the United States of America. Once the data is collected, it can be used to describe and infer information about the population.Respond to the following in a minimum of 175 words:Given what you have learned so far in the course, what are some ways you could use your statistics knowledge to work with census data?What limitations would you have if you were using the simple procedures addressed in Wks 1-4 of this course?What additional statistical knowledge might be helpful to enhance your analysis?Post 2 replies to classmates or your faculty member. Be constructive and professional.**This was the original question and I need to reply to my classmate in a minimum 100 words without references:This is a classmate's response to the above discussion question:"One statistical method we can apply to the census data is to determine the confidence interval and margin of error of the sample compared to the total population. I believe this will be an important piece of the analysis because we would want to establish the level of certainty/uncertainty in the data collected. The data can also be split into different categories based on the answers to the questions (demographics, race, age, region, etc). We can use t-testing to compare multiple samples and find the p-value, which will provide information on how statistically relevant the data actually is. Establishing relevance and certainty in the data will give us a better understanding of how well the sample represents the population, therefore allowing us to making inferences about the population as a whole. The accuracy of the data would be a known limitation of the data because most of the data is self-reported and as humans, we are always apt to make some sort of errors. The manually collected data has an even higher probability of inaccuracies because it passes through two different hands."
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