how do you calculate the average daily reserve required under the rules effective in 2013 if the most recent reserve computation period is $345 million and the maintenance period is $5.9 million?
how do you calculate the average daily reserve required under the rules effective in 2013 if the most recent reserve computation period is $345 million and the maintenance period is $5.9 million?
Expert Answer
Want to see the step-by-step answer?
Related Finance Q&A
Q: The company stock increases dividend by 5% each year and the expecteddividend in 5 years is $5. Anal...
A: Suppose the recent dividend paid=$xDividend in year 1=x*(1+growth rate)Dividend in year 2=x*(1+growt...
Q: In Porter's five-factor model why does Porter not include market size and growth rate when determini...
A: Porter's five forces analysis is a structural framework to evaluate the attractiveness of an industr...
Q: What is the yield to maturity for a seven-year bond that pays 11% interest on a $1000 face value sem...
A: Calculation of yield to maturity (YTM): Excel spread sheet:
Q: A portfolio manager is considering adding another security to his portfolio. The correlations of the...
A: The more negatively correlate a stock is with the portfolio, the more diversification it's addition ...
Q: Ed Draycutt is the engineering manager of Airway Technologies, a firm that makes computer systems fo...
A: You have asked a case sudy with four sub parts. I will answer the first three sub parts. Please post...
Q: A company has just raised $6 million by issuing 4000 12-year 11% bond at par. It's predicted that th...
A: Current characterisitics of the bond:Time to maturity = 12-yearsCoupon = 11% bondPriced at par
Q: An experiment can result in any of the outcomes 1, 2, or 3. If there are two different wagers with ...
A: Let's define two matrix as shown on white board.The first matrix is R matrix which shows three possi...
Q: Belotti Company just paid a dividend of $1.67 per share to its stockholders. Market analysts believe...
A: Calculation of Required Return:
Q: Please address legislation passed that increased protection for homeowners from foreclosure or at le...
A: Foreclosure is a legal process where a lender or a creditor or mortgage holder can recover or sell t...
Q: Laura is saving for the college education of hertwochildren. They are two years apart in age; one wi...
A: As a first step let’s plot the cash flows on a time diagram.Please see the white board. In the table...
Q: your client wants to buy a new car. the financing terms are: sticker price: 100,000.00 usd cash disc...
A: Upfront purchase price = $ 100,000 - 21% discount = 79,000Hence, PV = - 79,000Otherwise under instal...
Q: A firm has a market value equal to its book value. Currently, the firm has excess cash of $1,800 and...
A: Market value of Equity = MVE = Book Value of Equity = BE = $ 7,500Number of shares outstanding, N = ...
Q: What is the value of a 30-year annuity that pays $2500 a year? The annuity’s first payment will be r...
A: As a fist step, let's shifts ourselves to the end of t = 10 years.Annuity, A = $ 2,500; n = number ...
Q: Storico Co. just paid a dividend of $1.45 per share. The company will increase its dividend by 24 pe...
A: D0 = $1.45;Year1 growth rate = g1 = 24%;Year 2 growth rate, g2 = g1 - 6% = 24% - 6% = 18%Year 3 grow...
Q: Use the following information: . Debt: $79,000,000 book value outstanding. The debt is trading at 94...
A: Calculation of Total Market Value:
Q: Better Mousetraps has developed a new trap. It can go into production for an initial investment in e...
A: Calculation of Increase in Project NPV:
Q: Suppose Hornsby Ltd. just issued a dividend of $2.55 per share on its common stock. The company paid...
A: Calculating the value of cost of equity capital using arithmetic growth rates. We have,(a) Arithmeti...
Q: A stock is expected to pay a dividend of $1.67 at the end of the year. The required rate of return i...
A: A stock is expected to pay a dividend of D1 = $1.67 at the end of the year. The required rate of ret...
Q: I have a question and I literally don't know where to begin. I am provided with a table of stock pr...
A: Let me explain to you, what you have been asked to do. But before that let me explain what informati...
Q: Find the following values assuming a regular, or ordinary, annuity: The present value of $400 per...
A: Calculation of present value of $400 per year for 10 years at 10%: Excel spread sheet:
Q: Stock in CDB Industries has a beta of 1.13. The market risk premium is 7.3 percent, and T-bills are ...
A: Expected dividend is computed and then dividend yield is computed.Cost of equity is eqqual to Divide...
Q: Moerdyk Corporation's bonds have a 9-year maturity, a 7.75% semiannual coupon, and a par value of $1...
A: The price of a bond can be calculated using the PV function in excel. We have to select the inputs o...
Q: Your son has come to you for advice. He is about to enter college and has two options open to him. H...
A: As a first step, let's calculate the NPV of Pharmacy / MBA option making use of the cash flows. We w...
Q: If you were a CFO considering implementation of a dividend payout policy, which factors would influe...
A: Dividend payout policy: An organization's dividend policy manages the measure of dividends paid out ...
Q: Hi - could you please send the CAPM model and explain what it is and when to use it please? Thank y...
A: Capital Asset Pricing Model (CAPM):It defines the relationship of an asset’s expected return with th...
Q: Please help do this calculation step by step I have problems getting the final answer.
A: Calculating the value of weighted-average cost of capital (WACC). We have,WACC = (Weight of Equity x...
Q: Kelso Electric is an all-equity firm with 43,250 shares of stock outstanding. The company is conside...
A: As is situation: All equity, no debt, hence no interest payment, ignor taxes.Hence, Net income = EBI...
Q: You are saving for your retirement. You have decided that one year from today you will deposit 5perc...
A: First payment, A = 5% x Annual salary a year later = 5% x 90,000 x (1 + 2%) = $ 4,590.00 Growth rate...
Q: Decide whether the following statement makes sense (or is clearly true) or does not make sense (o...
A: The correct answer is “Statement D”.
Q: Finding the Interest Rate: Concept Connection Example 6-3 (page 237) 18. What interest rates are imp...
A: Interest rate:An interest rate is a percentage on the principal amount at which a lender gives money...
Q: Critique this statement: “The use of debt financing lowers the net income of the firm, and hence deb...
A: The statement has two parts:The use of debt financing lowers the net income of the firm,Hence debt f...
Q: I already ask this but I whant know how you do the calculation, please could you show me all the ste...
A: Calculating the price of bond if bond mature in 10 year. We have,Price of bond = C [1- (1 / (1+r)n ]...
Q: Tommy’s Automotive Group currently has 6,400,000 shares of stock outstanding and will report earning...
A: Calculate the value of immediate dilution potential for this new stock issue. We have,Earnings per s...
Q: Micro-Technologies is a Bio Tech research firm that is conducting research on a cure for Aids. Their...
A: Step1: Calculating the value of after-tax cash outflow under lease arrangement. We have,Lease paymen...
Q: Todd Foley is applying for a $290,000 mortgage. He can get a $2,030 monthly payment for principal an...
A: Calculation of number of months:Excel spreadsheet for calculation of number of months
Q: Garage, Inc., has identified the following two mutually exclusive projects: Year Cash Flow (...
A: Note:We shall answer the first question since the exact one wasn’t specified. Please submit a new qu...
Q: The four different bond ratings below have a yeild to maturity for 10 year bonds. Baa 9.40% Ba1 9.60...
A: The bonds of Parrot Corp. were rated as Baa and issued at par a few weeks ago. The yiled correspond...
Q: An investment with total costs of $10,000 will generate total revenues of $11,000 for one year. Mana...
A: An investment with total costs of $10,000 will generate total revenues of $11,000 for one year. Mana...
Q: Blue Angel, Inc., a private firm in the holiday gift industry, is considering a new project. The com...
A: Since the question involves interplay of lots of variable, we will resort to Microsoft excel to solv...
Q: 2. Bond valuation The proces value of the cash flows that the security will generate in the future s...
A: A bond’s coupon rate partially determines the interest-based return that a bond will pay and a bondh...
Q: I asked this question yesterday: Suppose that, in each period, the cost of a security either goes up...
A: At the outset, we regret the approach that was provided to you in the earlier solution. We also stat...
Q: You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a...
A: Introduction: Beta less than 1 state that the security price will move with the market and a beta mo...
Q: You can afford monthly deposits of $100 into an account that pays 5.3% compounded monthly. How long ...
A: Compounded Interest: It is the method for computing interest at the initial amount of prin...
Q: Assume that, as a part of its economic development program, your governmental agency has committed t...
A: Such a problem is better solved in an excel. Hence, I have solved it in excel and provided a snapsho...
Q: I asked this question (provided below) and was able to follow the response. I also got the same ans...
A: Thanks a lot for appreciating the earlier solution. I also appreciate your question. Let me help you...
Q: What finances do you need to have to achieve getting somewhere with Cosmetology? For instance to bu...
A: Some essential costs that are needed to be assessed before building a salon are:Cosmetics: A salon h...
Q: Part 1 and Part II are independent. Please answer both parts. Part I: You are advising company ABC o...
A: Part I:Company ABC should choose Option #1. Because after one year Option #1 will have a present val...
Q: The company yesterday paid their annual dividend of $2.00 and the expected price in 2 years is $100....
A: Stock’s Required Return:Stock’s required return is the minimum amount or rate of return which an inv...
Q: If the annual geometric mean for the equity risk premium is 8.4 percent, what percentage of the equi...
A: Calculation of Percentage of Equity Risk Premium:
Q: Required: Use an Excel spreadsheet to calculate the net present value NPV from a "Parent company per...
A: Calculating the value of total cost of plant and depreciation expenses using straight-line method in...