amortization schedule for the loan. How much interest will you pay over the life of the loan? 5. You have recently finished your Master degree and you want to purchase a new BMW immediately. The car costs about €21‚000. The bank quotes an interest rate of 15 percent APR for a 72-month loan with a 10 percent down payment. What will your monthly payment be? What is the effective interest rate on the loan? 6. A bond has a 10 percent coupon rate and a €1‚000 face value. Interest is paid semiannually‚ and the
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accounts payable and the weight of long-term debt. The weight of each will be: Accounts payable weight = .15/1.15 = .13 Long-term debt weight = 1/1.15 = .87 Since the accounts payable has the same cost as the overall WACC‚ we can write the equation for the WACC as: WACC = (1/1.8)(.14) + (0.8/1.8)[(.15/1.15)WACC + (1/1.15)(.08)(1 – .35)] Solving for WACC‚ we find: WACC = .0778 + .4444[(.15/1.15)WACC + .0452] WACC = .0778 + (.05797)WACC + .0201 (.9420)WACC = .0979 WACC = .1039‚ or 10.39% We will
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Chapter 15: The Resurgence of Empire in East Asia 1) Xuanzang a) Educated in Confucius texts as a youth. b) Followed his older brother into a monastery where he became devoted to Buddhism. c) Traveled to India and visited the holy sites of Buddhism. d) After he left China (Illegal to do at time) his guide abandoned him in the Gobi Desert. e) Made his way to oasis town of Turpan‚ which was on the Silk Road. f) Turpan ruler‚ who was also Buddhist‚ supplied him with many necessary supplies.
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Chapter 1 The Financial Statements Short Exercises (5 min.) S 1-1 Computed amounts in boxes Total Assets = Total Liabilities + Stockholders’ Equity a. $300‚000 = $150‚000 + $150‚000 b. 280‚000 = 110‚000 + 170‚000 c. 210‚000 = 50‚000 + 160‚000 (5 min.) S 1-2 Ethics is a factor that should be included in every business and accounting decision‚ beyond the potential economic and legal consequences
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Study terms for Chapter 15 Ten Percent Plan: Lincoln’s idea. If 10% of the population of the confederate state would take an oath‚ they could be readmitted back into the union. Lincoln was radical. Andrew Johnson and Reconstruction plans: wanted to let the southern states rebuild themselves‚ if they would take an oath of allegiance would be readmitted (not high ranked)‚ restitution of property—did not include slaves. Hand pick governors and create their own governments. They had to revoke
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1. Define the following terms: a. aqueous solution- a solution in water b. colloid mixture of large molecules that will not settle or join with the other substance it is in c. concentration ratio of mass or volume of solute to mass or volume of solvent d. heterogeneous a mixture is made up by two or more different substance which are (mixed) together but are not combined e. homogenous mixture mixture that is uniform throughout f. Henry’s Law An expression for calculating the solubility
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ROBERTO Ristorante 1- In a few phrases‚ describe the situation of the Roberto and Chez Léon chain. 2- Without the Chez Léon chain‚ would you think that the Roberto chain has a positive‚ nil or negative value? 3- What are the foundations of value for Chez Léon? 4- Given the objectives of the Italian State‚ would you recommend that the sale be completed: a. On an open bid basis? b. Via a private negotiation‚ selecting the
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CHAPTER 15 The Endocrine System NOTES 1. Name 4 ways cells communicate with each other and name important characteristics of each. Answers a. gap junctions: really fast‚ nondirectional‚ part of nervous system b. neurotransmitters: fast‚ directional‚ specific‚ limited effects‚ part of nervous system c. paracrines: local tissue fluids‚ nondirectional‚ limited effects d. hormones: slower in onset‚ systemic in bloodstream‚ sustained effects 2. The area of the brain that is
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CHAPTER 5 Solutions—Series A Problems 5–1A.(a)Net FUTA tax $123‚400 × 0.006=$740.40 (b)Net SUTA tax$123‚400 × 0.048=5‚923.20 (c)Total unemployment taxes$6‚663.60 5–2A.Earnings subject to FUTA and SUTA: $737‚910 – $472‚120 = $265‚790 (a)Net FUTA tax$265‚790 × 0.006=$1‚594.74 (b)Net SUTA tax$265‚790 × 0.029=7‚707.91 (c)Total unemployment taxes$9‚302.65 5–3A.(a)Net FUTA tax$67‚900 × 0.006=$407.40 (b)Net SUTA tax$83‚900 × 0.037=$3‚104.30 5–4A.(a)SUTA taxes paid to Massachusetts$18‚000 × 0
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Department of Finance‚ HKUST Spring 2013 Email: Xuewenliu@ust.hk Office hour: 13:30-14:30 Tuesday Assessment: Assignments (12%)‚ Midterm-exam (18%)‚ Projects and presentations (15%)‚ and Final exam (55%) Textbooks: 1. Corporate Finance‚ by J. Beck and P. DeMarzo‚ 2nd edition 2011‚ Pearson Education‚ Inc. Hereafter BD. 2. Financial Markets and Corporate Strategy‚ by M. Grinblatt and S. Titman‚ 2nd edition‚ 2002‚ Irwin McGraw Hill. Hereafter GT. I. Introduction to Corporate Finance 1. Corporations
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