Kim and Lee wish to buy a house and have it paid off in ten years. They have realised that at different stages of their life cycle they will have different capacities to make loan repayments. Interest rate of loan that they have access to: J26 = 4.68% p.a. Frequent International Holidays for two years – Max repayment of $800 per fortnight for fortnights 1 to 52 Regular domestic travel for four years – Max repayment of $1200 per fortnight for fortnights 53 to 156 Settled down homebodies – Max Repayment of $1500 per fortnight for fortnights 157 to 260 a) Assuming they make the maximum payments that they have budgeted for, illustrate the cash flows associated with the loan as a fully labelled time line diagram. (Assume the first repayment occurs one period after they take out the loan.) b) By breaking this cash flow into three simple annuities, determine the maximum amount that Kim and Lee can borrow if they are to pay off the loan in ten years. c) Assuming that Kim and Lee borrow the maximum amount that they can afford to pay back in ten years, construct an amortisation table showing the last three payments.

The Present Value Of $2,000 Per Year For 9 Years Discounted Back To The

the present value of $2,000 per year for 9 years discounted back to the percent is $__. (round to the nearest cent) 9 %

A $1,000 Par Value Bond Was Issued Five Years Ago At A 8 Percent

A $1,000 par value bond was issued five years ago at a 8 percent coupon rate. It currently has 7 years remaining to maturity. Interest rates on similar debt obligations are now 12 percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. Compute the current price of the bond using an assumption of semiannual payments. (Do not round intermediate calculations and round your answer to 2 decimal places.)    b. If Mr. Robinson initially bought the bond at par value, what is his percentage capital gain or loss? (Ignore any interest income received. Do not round intermediate calculations and input the amount as a positive percent rounded to 2 decimal places.)       c. Now assume Mrs. Pinson buys the bond at its current market value and holds it to maturity, what will be her percentage capital gain or loss? (Ignore any interest income received. Do not round intermediate calculations and input the amount as a positive percent rounded to 2 decimal places.)   

Cox Media Corporation Pays An 8 Percent Coupon Rate On Debentures That Are Due

Cox Media Corporation pays an 8 percent coupon rate on debentures that are due in 15 years. The current yield to maturity on bonds of similar risk is 6 percent. The bonds are currently callable at $1,080. The theoretical value of the bonds will be equal to the present value of the expected cash flow from the bonds. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. Find the market value of the bonds using semiannual analysis. (Ignore the call price in your answer. Do not round intermediate calculations and round your answer to 2 decimal places.)

Rust Pipe Co. Was Established In 1994. Four Years Later The Company Went Public.

Rust Pipe Co. was established in 1994. Four years later the company went public. At that time, Robert Rust, the original owner, decided to establish two classes of stock. The first represents Class A founders’ stock and is entitled to six votes per share. The normally traded common stock, designated as Class B, is entitled to one vote per share. In late 2010, Mr. Stone, an investor, was considering purchasing shares in Rust Pipe Co. While he knew the existence of founders’ shares were not often present in other companies, he decided to buy the shares anyway because of a new technology Rust Pipe had developed to improve the flow of liquids through pipes. Of the 1,300,000 total shares currently outstanding, the original founder’s family owns 51,525 shares. What is the percentage of the founder’s family votes to Class B votes? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Robbins Petroleum Company Is Six Years In Arrears On Cumulative Preferred Stock Dividends. There

Robbins Petroleum Company is six years in arrears on cumulative preferred stock dividends. There are 820,000 preferred shares outstanding, and the annual dividend is $8.50 per share. The Vice-President of Finance sees no real hope of paying the dividends in arrears. She is devising a plan to compensate the preferred stockholders for 90 percent of the dividends in arrears. b. Robbins will compensate the preferred stockholders in the form of bonds paying 12 percent interest in a market environment in which the going rate of interest is 10 percent for similar bonds. The bonds will have a 15-year maturity. Using the bond valuation Table 16-2, indicate the market value of a $1,000 par value bond. (Round your answer to the nearest whole number.) c. Based on market value, how many bonds must be issued to provide the compensation determined in part a? (Do not round intermediate calculations and round your answer to the nearest whole number.)

Business Class 3. Interrogatories, Depositions, Requests For Production Of Documents Are All Forms Of:

Business class 3. Interrogatories, Depositions, Requests for Production of Documents are all forms of:             a. discovery;             b. pleadings;             c. alternative dispute resolution(ADR);             d. jury instructions. 4. A party asks the court to make a ruling by making a ______________.             a. motion;             b. subpoena;             c. petition;             d. summons. 5. The testimony of a witness or party is taken during this proceeding:             a. hearing;             b. investiture;             c. interrogatory;             d. deposition. 6. When Plaintiff’s attorney proves that his/her client is entitled to recovery if no defense is offered, the attorney has established what?             a. a prima facie case.             b. a default;             c. grounds for appeal;             d. conditional liability. 7. The jury’s decision, announced in court after deliberation, is known as the:             a. judgment;             b. verdict;             c. sentence;             d. jury’s decision. 8. When the victim of a defamatory statement is a public figure:             a. the elements of the tort of defamation are exactly the same;             b. the public figure has no right to sue for defamation;             c. the public figure can only sue business or political enemies or defamation; d. the public figure is also required to prove actual malice; that is, the Defendant made the defamatory statement knowing the statement was false.

2nd Attempt: The Present Value Of $2000 Per Year For 9 Years Discounted Back

2nd attempt: The present value of $2000 per year for 9 years discounted back to the present at 9 percent is $__. (round to the nearest cent)

Business Class 13. Avdeyeva Is The Owner Of A Commercial Building In Vancouver, Which

Business class 13. Avdeyeva is the owner of a commercial building in Vancouver, which has an ordinance requiring non skid material on steps leading into such buildings. A visitor is injured when he falls on the step on a wet day. If the step did not have the non skid material required by the ordinance, the Negligence per se doctrine will apply. (T F) 14. A court will follow the strict liability standard for an injury if: a. the injury was a foreseeable consequence of the Defendant’s actions; b. the Plaintiff was intoxicated; c. the Defendant was a merchant; d. the Defendant was involved in abnormally dangerous activity. 15. In a negligence case, the most commonly awarded damages are______________damages. a. compensatory; b. punitive; c. nominal; d. none of the above. 16. Before a person can obtain copyright protection for a work of art they have created, they must file a copyright with the U.S. Copyright Office.(T F) 17. A patent can only be issued by the: a. parties to a transaction; b. United States Patent and Trademark Office. c. United States Copyright Office; d. the state office of Patent and Trademark.

Business Law Class 46. A Liquidated Damages Provision Is Valid, Provided: A. It Is

Business Law class 46. A liquidated damages provision is valid, provided: a. it is in writing; b. it rewards only nominal damages; c. it is not assignable; d, it is not so high as to be a penalty. 47 A party to a contract has a duty to __________or reduce his/her damages. a. mitigate; b. litigate; c. defer; d. increase; 48. Foreseeable damages which flow from a party’s breach of contract, which the breaching party is aware of prior to the breach, are ______damages. a. compensatory; b. punitive; c. consequential; d. nominal. 49. Al-Awlaqi is a contractor who owns a crane. He has been hired by Hammes to bring his crane to a construction site. The night before the project is to begin. Al-Awlaqi’s crane is destroyed in a storm. Regarding performance of the contract, he has the defense of: a. commercial impracticability; b. frustration of purpose; c. impossibility; d. Substantial performance. 50. Any deviation from full and complete performance is classified as a(n): a. excuse; b. deviation; c. release; d. breach.

A Company Plans To Borrow R50,000,000 In 25 Days. The Loan Will Have A

A company plans to borrow R50,000,000 in 25 days. The loan will have a maturity of 270 days and carry a rate of LIBOR plus 150 basis points. The company is concerned that interest rates will rise, so in order to lock in the borrowing rate, it decides to purchase a FRA at a rate of 6.5 percent. Determine the effective cost of the loan if 270-day LIBOR in 25 days is 8.5 percent?

What Is The Small Firm Effect? Discuss Why The Small Firm Effect Represents A

What is the Small Firm Effect? Discuss why the small firm effect represents a challenge to the ability of the CAPM to adequately capture risk-return relationships.

The Peg Ratio Appears To Be A Refinement That Allows Us To Do What?

The Peg Ratio appears to be a refinement that allows us to do what? Is the ratio aptly named? Explain and discuss…

Question 31 From An Income Tax Perspective, A Defective Trust Is Also Known As:

Question 31 From an income tax perspective, a defective trust is also known as: A – A mistake B – A simple trust C – A complex trust D – A grantor trust Question 32 Angela Snider, age 32, has $19,000 in her qualified retirement plan. The maximum amount that Angela can borrow against her account is A – zero – qualified retirement plans do not permit loans B – $8,000 C – $ 9,500 D – $10,000 E – $50,000 Question 33 Jill is considering naming a bypass trust as beneficiary of her IRA after her death. Jill’s spouse is a discretionary income beneficiary of the bypass trust. Which of the following is a reason for not designating the bypass trust as beneficiary of her IRA? A – a bypass trust is the best way to stretch income tax deferral over the life of Jill’s spouse and his designated beneficiary B – IRA assets will appreciate as income taxable minimum distributions are made C – Jill’s spouse can treat the IRA as his own D – part of the unified credit will be wasted on income tax Question 34   Decedents will was drafted by Attorney A. The will names Executor and suggests Executor use Attorney A or his law partner Attorney B as attorney for the estate. Executor should: A – Use Attorney A as attorney for the estate B – Use Attorney B as attorney for the estate C – Use any attorney other than Attorney A or Attorney B as attorney for the estate D – Select the attorney to use for the estate Question 35   Jane Tally has a thrift/savings plan with her employer. She knows A – her contribution to the plan is voluntary and made with after-tax dollars B – 100% of her contribution to her account is vested immediately C – her employer’s contributions to her account must comply with Internal Revenue Code requirements for qualified plans D – all of the above E – only a and b

Question 36 Pamela Renquist, Owner Of Advance Software Solutions, Inc., Wants To Install A

Question 36 Pamela Renquist, owner of Advance Software Solutions, Inc., wants to install a stock-based retirement plan for herself and her employees. She has a young company that has averaged 5% a year growth since opening 5 years ago. Pamela has asked you, her financial advisor, to help her understand which type of plan would be more advantageous for Advance Software Solutions, a stock bonus plan or an ESOP. You tell Pamela that: A – both plans are identical except that an ESOP can be integrated with Social Security while a stock bonus plan cannot, making an ESOP less expensive to provide B – only a stock bonus plan requires a “put” option, making it more difficult to retire employees when company cash is short C – the ability to use the ESOP to borrow money with tax deductible dollars could be advantageous to a young and growing business D – an ESOP will dilute company ownership, but the diversification requirements in a stock bonus plan prevent that from happening E – only an ESOP can be used to fund a corporate buy-sell agreement and should be used if Pamela want to control business succession Question 37    Acorn Booksellers is a small business interested in adopting a qualified retirement plan. The owner of Acorn wants to be able to choose from more than one financial institution when implementing the plan. Acorn’s owner also wants to determine such things as the vesting schedule, and the contribution or benefit formula. As a small business, Acorn wants to keep costs down. You recommend that Acorn use: A – a master plan, because no determination letter is needed B – a master plan because it would give Acorn choice in funding institution or medium while keeping installation and implementation costs low C – a prototype plan because it would give Acorn choice in funding institution or medium while keeping installation and implementation costs low D – a prototype plan because it gives small employers a tax credit for implementation E – a small business plan because it is specifically designed for small businesses Question 38    John creates an irrevocable trust into which he transfers income producing property. The trust provides income to his children for life; remainder to the grandchildren. John has appointed his wife, Sue, as the Trustee of the trust. Sue, as the Trustee, is given the power to apply trust income to purchase life insurance on John’s life. Who is responsible for the payment of the income tax liability attributed to the trust income? A – Sue, as an individual B – The children and grandchildren as trust beneficiaries C – Sue, as the Trustee, and the children and grandchildren based upon the DNI calculation D – John, as the Grantor of the trust Question 39    Wheels, a small bike sales and repair shop, has ten employees, 5 full time and 5 part time. Walt Morgan, the owner, can’t afford to provide many employee benefits, but he does provide all employees three full-pay sick days a year. He funds the sick pay out of his general assets. He also provides his full time employees with basic health insurance that has a high deductible to keep costs down. Walt pays an annual premium for this insurance out of his general assets. Under ERISA: A – Walt must provide employees with a Summary Plan Description B – Walt qualifies for the small welfare plan exemption C – Walt must file an annual report to the IRS D – Walt must do either a or b E – Walt must do both a and b Question 40    Sam has a daughter, Mary, to whom he would like to leave the bulk of his estate. All but which provision in Sam’s will would generally affect how much Mary will receive under Sam’s will? A – The attestation clause B – The debts clause C – The residuary clause D – The tax clause

Question 41 William Best Is Completing A Retirement Plan For A Client. Which Of

Question 41 William Best is completing a retirement plan for a client. Which of the following sources of his client’s income would William ignore when estimating client’s income sources? A – current and future asset income B – current and future asset income C – rent from a duplex owned by the client D – income tax refunds E – Social Security income Question 42   Bardwell Manufacturing, Inc. began 15 years ago. The two co-owners now earn $300,000 per year each. Four supervisors earn $40,000 each annually and have been with the company for 10 to 11 years. Fifteen line employees earn a total of $300,000 and have been with the company from 2 months to 5 years. All employees are over age 21. The co-owners want to install a 15% money purchase plan and structure the plan in a way that maximizes their plan contributions. Which vesting schedule would be most appropriate for Bardwell? A – 6 year graded vesting B – 100% immediate vesting C – 3 to 7 year vesting D – 2 to 6 year vesting E – 3 year cliff Question 43   With respect to when it is appropriate to consider updating a will, all of the following are true except: Whenever federal and/or state law changes. Whenever the testator moves to another state. Whenever the testator has a disagreement with a family member. A – I only B – II only C – III only D – I, II, and III Question 44   Which of the following statements best describes the tax ramifications to the beneficiary of a DBO plan? A – There will never be any tax ramifications to the beneficiary B – The distributions will be taxed as salary to the beneficiary and subject to ordinary income tax C – The distributions may be taxed as either ordinary income or capital gains depending on the employee’s contributions on the date of death D – Payments received will be treated as gifts and taxed accordingly Question 45   Caribon Cruise Tours has a traditional 401(k) plan for employees. Last year, payroll for employees covered under the plan was $500,000 and employee elective deferrals amounted to $100,000. Which of the following is true? A – Caribon Cruise Tours can deduct up to $150,000 for federal income tax purposes B – Caribon Cruise Tours can deduct no more than $125,000 for federal income tax purposes C – employees paid income and payroll taxes on the amounts they chose to defer D – a and c E – a and b

Assume The Forward Price = $51. If We Sell The Forward Contract And The

Assume the forward price = $51. If we sell the forward contract and the asset price at expiration is $60, we have a payoff of -9 0 9 51 60

Which Of The Following Increases Would Increase The Futures Price? I. Spot Price II.

Which of the following increases would increase the futures price? I. spot price II. borrowing rate (in the relevant currency) III. dividend rate on the underlying asset A.I only B.I and II only C.II and III only D. I, II and III

An Investor Wishing To Hedge Against Interest Rates Rising, Could Hedge Her Risk By

An investor wishing to hedge against interest rates rising, could hedge her risk by I. Selling bond futures II. Buying bond futures III. Entering into a fixed-for-floating interest rate swap IV. Entering into a floating-for-fixed interest rate swap A. I and II only B. I and III only C. II and III only D. II. and IV only

Which Of The Following Option Positions Will Increase In Price If The Underlying Stock

Which of the following option positions will increase in price if the underlying stock price increases. I. Bought a call II. Bought a put III. Sold a call IV. Sold a put I and II only I and IV only II and IV only II and III only III and IV only

Suppose You Hold A Share Of Stock And A Put Option On That Share.

Suppose you hold a share of stock and a put option on that share. If the stock price is below the exercise price when the option expires the price of your position is the price of the stock. True or False

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Construct a list of five to ten logical and methodical questions that you would ask first arriving fire crews following a single-family residential fire. Discussion 1- No word limit. Let’s take a look at the lighter side of math in this unit: Find a fun or interesting fact that relates to mathematics and share it […]

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Why should a capital asset impairment loss that resulted from physical damage to the asset be determined if the asset was impaired to begin with? Why should a capital asset impairment loss that resulted from physical damage to the asset be determined if the asset was impaired to begin with? Why should a capital asset impairment loss that resulted from physical damage to the asset be determined if the asset was impaired to begin with? Why should a capital asset impairment loss that resulted from physical damage to the asset be determined if the asset was impaired to begin with

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