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(solution)- FIN 515 Week 4 : Business Valuation and Stock Valuation - Midterm Exam Devry


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FIN 515 Week 4 : Business Valuation and Stock Valuation - Exam

 

 



1. (TCO A) Which of the following statements is CORRECT? (Points : 10)

 

 

2. (TCO G) Which of the following statements is CORRECT? (Points : 10)

 

 

?3. (TCO G) LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620,000, and its net income after taxes was $24,655.?Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would LeCompte need in order to achieve the 15% ROE, holding everything else constant? (Points : 10)

 

 

?4. (TCO B) You want to buy a new sports car?three years from now, and you plan to save $4,200 per year, beginning one year from today.?You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the?third deposit,?three years from now? (Points : 10)

 

 

?5. (TCO B) You sold a car and accepted a note with the following cash flow stream as your payment.?What was the effective price you received for the car assuming an interest rate of 6.0%?

 

 

Years:??? 0???????? ?1??????????? ?2?????????? ? 3?????? ????? 4

????????????? |-----------|--------------|--------------|--------------|

CFs:???? $0???? $1,000???? $2,000???? $2,000???? $2,000 (Points : 10)

 

 

?6. (TCO B) Suppose you borrowed $14,000 at a rate of 10.0% and must repay it in?five equal installments at the end of each of the next?five years. How much interest would you have to pay in the first year? (Points : 10)

 

 

?7. (TCO D) A 15-year bond with a face value of $1,000 currently sells for $850. Which of the following statements is CORRECT? (Points : 10)

 


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(solution)- FIN 515 Week 4 : Business Valuation and Stock Valuation - Midterm Exam Devry.zip

FIN 515 Week 4 : Business Valuation and Stock Valuation - Midterm Exam Devry

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xxx 515 Week x : xxxxxxxx xxxxxxxxx xxx Stock Valuation - Exam

 

 



xx xxxx xx Which of xxx following xxxxxxxxxx xx CORRECT? xxxxxxx : xxx

 

 

2. xxxx xx xxxxx of xxx following statements xx xxxxxxxx xxxxxxx x xxx

 

 

?xx xxxx xx xxxxxxxx xxxxx xxx $312,900 xx xxxxxxx and xx xxxx xxxx common equity capital (zero debt). Its sales for the xxxx xxxx xxxx xxxxxxxxx and its net income xxxxx taxes xxx xxxxxxxxxxxxxxxxxxxxxx xxxxxxxx xxxxx in a new management team that xxx promised xx lower costs xxx xxx xxx return on xxxxxx xx xx xxxx xxxx xxxxxx margin would xxxxxxxx need in xxxxx xx achieve the xxx ROE, xxxxxxx xxxxxxxxxx else constant? xxxxxxx : xxx

 

 

?xx xxxx xx You xxxx xx buy x new sports car?three years from xxxx and you xxxx to xxxx $4,200 per xxxxx beginning one xxxx xxxx today.?You xxxx xxxxxxx your xxxxxxx xx xx account xxxx pays 5.2% xxxxxxxxx xxx xxxx xxxx you have just after you xxxx the?third deposit,?three xxxxx from xxxx (Points : 10)

 

 

?xx (TCO xx xxx sold a car and xxxxxxxx a

 

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FIN xxx Week 4 x Business xxxxxxxxx xxx Stock xxxxxxxxx - xxxx

 

xxx xx Form

 

x
x

 

x
x

 

Exam

 

xx xxxx A) Which of xxx xxxxxxxxx xxxxxxxxxx is xxxxxxxx (Points : xxx

 

 

?????? It is generally xxxx expensive to form x xxxxxxxxxxxxxx than a xxxxxxxxxxx xxxxxxxx xxxx x proprietorship, xxxxxxxxx xxxxx documents xxx required.

 

?????? Corporations face fewer xxxxxxxxxxx xxxx sole proprietorships.

 

?????? xxx xxxxxxxxxxxx of xxxxxxxxx x xxxxxxxx as a xxxx xxxxxxxxxxxxxx xx xxxx the firm is xxxxxxx to xxxxxx taxation, xx xxxx the xxxx xxxxx xxx xxx xxxxx level.

 

?????? One advantage of forming x xxxxxxxxxxx is xxxx equity xxxxxxxxx xxx xxxxxxx exposed xx less liability xxxx in a regular partnership.

 

?????? xx a regular partnership xxxx bankrupt, xxxx partner is xxxxxxx xx liabilities only up to xxx amount xx xxx xx xxx xxxxxxxxxx in the xxxxxxxxx

 

 

2. (TCO G) xxxxx xx xxx xxxxxxxxx xxxxxxxxxx is xxxxxxxx xxxxxxx x 10)

 

 

?????? In xxx statement xx xxxx xxxxxx a decrease in accounts receivable xx xxxxxxxx

 

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This paper was answered on 19-Jul-2017

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