You purchased 500 shares of The New Century Fund at NAV of $23.56 last year. The fund distributed $4.35 in dividends at the end of the year and the current NAV is $21.78. What is the adjusted closing price of your purchase?   Please show how to solve in excel

Q: A company will produce $3.00 in earnings per share at the end of the year. Reinvested earnings can…

A: We need to use formula below to calculate PVGO of the company. The equation is whereD1= next…

Q: The price of your e-Book reader in the U.S. is $100, so for how much would you sell it in Serbia?

A: We can determine the price of e-book in Serbia using the formula below:

Q: A normal yield curve refers to situations where: Short-term interest rates are higher than long-term…

A: The correct answer is short term interest rates are lower than long term interest rates.A normal…

Q: Starting next year, you will need $5,000 annually for 4 years to complete your education. (One year…

A: An annuity is a method of fulfilling a financial goal for a specified period of time at a defined…

Q: Firm U is an all equity firm and has a market value of $100,000 and EBIT of  $300,000. Firm L has…

A: MM Approach refers to the situation where two firms exist and both have similar rate of return to…

Q: Issuer Canada quotation reads as follows: a) $1,300 b) $1,080 Coupon 4% c) $1,095 Maturity 1…

A: Bond price:= $1,000×109.50%= $1,095

Q: Flex Company just paid total dividends of $825,000 and reported additions to retained earnings of…

A: Stock Price = P/E Ratio x EPS

Q: After careful comparison shopping, Noah Griffin decides to buy a new Toyota Camry. With some options…

A: A loan refers to a contract between two parties where one party borrows a sum from the other party…

Q: 1. You make deposits of $10,000, $6,000, and $5,000 respectively at the end of years 1, 2, and 3 in…

A: How much your savings will be worth in three years=10000*(1+5%)^2+6000*(1+5%)^1+5000*(1+5%)^0=11025…

Q: Which of the following determine(s) the level of real interest rates? 1) The supply of savings by…

A: INTEREST RATE can be determined by the market forces of supply and demand.Investments and savings…

Q: 1. Simulation analysts uses best- and worst case scenarios to determine the most likely outcome 2.…

A: The first statement is false. Simulation analysts use best- and worst-case scenarios to understand…

Q: GM has issued bonds that currently have a yield-to-maturity of 4%. These bonds have a modified…

A: To approximate the percentage change in the price of the bonds when the yield-to-maturity increases…

Q: (Size-disparity problem) The D. Dorner Farms Corporation is considering purchasing one of two…

A: The capital budgeting is a method of determining the acceptability of a project with respect to its…

Q: A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a…

A: Here, Expected ReturnStandard DeviationStock Fund17%32%Bond Fund11%23%Risk Free…

Q: (Comprehensive Problem) Suppose that you are in the fall of your senior year and are faced with the…

A: The money's time value concept reveals that any sum of money is worth more now than it would be in…

Q: High Growth Fund has a front load of 5% and expected return of 14.5%. Normal Fund has no load. And…

A: The total return earned on a fund for a certain period can be calculated using the formula:

Q: Tear Price EPS CFPH SPE 2016 $91.60 4.49 7.72 47.60 2017 $97.50 5.20 8.60 52.60 2018 $96.20 6.00…

A: Share price:It represents the price at which investors are willing to buy or sell shares in the open…

Q: Even though most corporate bonds in the United States make coupon payments semiannually, bonds is…

A: Current price of the bond is the present value of all the expected future cash flows from holding…

Q: 1. A stock has a required return of 13.40% and a dividend yield of 2.19%. The price of the stock is…

A: Required rate of stock is what shareholders expect to earn by holding shares and is the sum of…

Q: Tõnu has two financial goals. His first wish is to retire 40 years from now and receive a pension of…

A: Here,Monthly Receivable after retirement €10,000.00Time Period in years after…

Q: Your factory has been offered a contract to produce a part for a new printer. The contract would…

A: IRR refers to the rate of return at which the NPV of the project or business is zero that means rate…

Q: Suppose a 10 -year,$1,000bond with a(n)9%coupon rate and semiannual coupons is trading for a price…

A: Compound = Semiannually = 2Time = nper = 10 * 2 = 20Face Value = fv = $1000Coupon Rate = 9 / 2 =…

Q: You are preparing to produce some goods for sale. You will sell them in one year and you will incur…

A: P - Current cost of goods i.e. $86,000r - Cost of capital i.e. 7.3%t - Period i.e. 1 YearTo…

Q: Then, find the NPV of the new investment. (Round present value factor calculations to 5 decimal…

A: NPV means Net Present value.It is a capital budgeting technique used for making investment…

Q: 1.1 Your parents set up fund for you 22 years ago that is now worth R47866,34. If the fund earned 8%…

A: According to bartleby guidelines , if multiple questions are asked , then 1st question needs to be…

Q: You write a call option with a strike of $1.473/£ and a premium of $0.72. The current spot exchange…

A: - Strike Price (K): $1.473/£   - Premium Paid (C): $0.72   - Current Spot Exchange Rate (S):…

Q: loan of 1000 at a nominal rate of 12 percent convertible monthly is to be repaid by six monthly…

A: Loans are paid in equal payments and these payments carry the interest and loan payments.

Q: Quantitatively, what is the relationship between the AGI phase-out thresholds for the $2,000 child…

A: For 2020, eligible taxpayers can claim a tax credit of $2,000 per qualifying dependent child under…

Q: Dorpac Corporation has a dividend yield of 1.44%. Dorpac's equity cost of capital is 7.42%, and its…

A: Using Gordon’s growth model, the price of a share is calculated using the expected dividend, cost of…

Q: Lohn Corporation is expected to pay the following dividends over the next four years: $13, $12, $10,…

A: Dividend for year 1 = d1 = $13Dividend for year 1 = d1 = $12Dividend for year 1 = d1 = $10Dividend…

Q: TreeTop Inc. bonds was issued on Oct 15th, 2010. The bonds have a coupon rate of 6.2%, with interest…

A: A bond is a form of borrowing. A corporation or the government borrows money when they issue bonds…

Q: ena purchased a living room set for $3,500. Elena’s home and the contents were destroyed by a fire.…

A: Insurance is type of risk sharing with company if there is loss by accident then that is covered by…

Q: A bank developed a model for predicting the average checking and savings account balance as balance…

A: Bank balance is the amount of money in the account ,amount in bank depends on the age and education…

Q: Consider an option on a non-dividend-paying stock when the stock price is $30, the exercise price…

A: X is the exercise price $29r is the risk-free interest rate 5% p.aT is 4 months S current stock…

Q: Instead of investing the entire $1,078,000, Bogut invests $324,200 today and plans to make 9 equal…

A: Value of money increases over the time due to the interest and compounding of interest over the…

Q: Company changed from privately held to publicly held. Slowing sales have increased the potential for…

A: In the context of risk management and audit, the term "control risk" refers to the danger that an…

Q: Who can participate in an IPO using the traditional book-building approach? OA The underwriter gives…

A: Incorrectunderwriter determines the price and they cannot give preference because institutional…

Q: Consider the following information: State of Economy Probability of State of Economy Boom Bust .70…

A: The expected return is a key component of investment research because it enables investors to…

Q: Suppose you expect to receive periodic payments of $1,500 at the end of 3, 5, 7, and 10 years from…

A: Given information,Discount rate: Payment in period 3, 5, 7 and 10: To calculate,Present value of the…

Q: You find the following corporate bond quotes. To calculate the number of years until maturity,…

A: Yield to maturity is the total return an investor has earned by holding the bond until its maturity.…

Q: Avicorp has a $14.5 million debt issue outstanding, with a 5.9% coupon rate. The debt has…

A: a)FV = $1000PMT = 1000*5.9%/2 = $29.5N = 5*2 = 10PV = $1000*95% = $950a) For EAR, Using Financial…

Q: What is the variance of a portfolio

A: Risk and return are essential financial principles. The term “risk” refers to the uncertainty and…

Q: 5. Suppose Rick's Software Co. does not currently pay a dividend, but expects to begin paying a $3…

A: Value of stock can be found as the present value of dividend and present value of growth of dividend…

Q: If the index model is valid, would be helpful in determining the covariance between assets GM and…

A: If we're using the index model (or single-index model) to determine the covariance between two…

Q: You have taken out a 60-month, $26,000 car loan with an APR of 4%, compounded monthly. The monthly…

A: Loan Amortization Schedule gives the information of your loan and how you'll repay it. The payment…

Q: Calculating NAV A fund has a market value of securities of $860 million, cash and receivables of $29…

A: Market Value of Securities = s = $860 millionCash and Receivables = cr = $29 millionCurrent…

Q: Ashley and Duncan just created their January 2019 income and expense statement. They spent their…

A: A savings plan is a structured financial strategy that individuals or households use to…

Q: lculate the compounding factor that would be used to determine the future value of an annuity for an…

A: In calculation of the future value of annuity we need future value annuity factors and these are…

Q: Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will…

A: First Annual Cash Flow = cf1 = $176,000Time for first payment = 2Growth Rate = g = 3.6%

Q: Company (Ticker) Xenon, Inc. (XIC) Coupon Maturity 5.400 Kenny Corp. (KCC) Jan 15, 2034 4.125 Jan…

A: Bond price:A bond price refers to the market value at which a bond is bought or sold. It represents…