Description
or SAPS
SOL
Test #2 material Face Value = $100
ch.6
date: 222
RV 
CT
intv Pricen Current yield a
yeld price
maturity ↑
coupon !
*
611 N=30 12=3060
FV=1000 Yield to maturity = I/4 x 2 Coupon = 8%.
pmnt = 6:08) (1000F3 = 40 . 4.48 3083 X=9.97% a. Payment bond = 900 +/
 X 2 = 1  1000 +/ /y=9m/2=4 = 18% = 1100 +/ Ily=3.5916844 2 =
If you want to learn more check out Why did the provisional government fall?
TM=1718%
12. Zero Coupon bonds 9. PV=300 +/
FV = 1000 N=30 Yy=4.091.
. N=10
Yy=10 PV=$385.54
Study sur
lavs
b. Pio = 69.277
= $15.66
9. P3
(2017) S = this 0001 = 10 If you want to learn more check out What were the development during the second industrial revolution?
7 5 = VUON) OEN
1.01 = IWith '79 vodno E ENIC
& 1124.09
$897.26
08 En
It'bsols
$944.65
8=N
$1033.87
N=4
/L=h/I
091966 l=h/
(9)
huub
08=2/(0001) (20)  fuld
0001  17 .18 = vodnes bl
*
Study Spur Don't forget about the age old question of What is the difference between spatial neglect and blindness?
date: 224
Ch. 7
• Ch 7 slide 5: bottom part is wrong
ei P/E ration is 103.500
__ growth = 4% 9. D.  Delita) = ((17.04) = $104
D2 = D. (1+g)2 = (1)(1.04) = 91.0816 Do = Do (Itg)3 = (1) (1.04)2 = $1.124866 We also discuss several other topics like What distinguishes an incoporated mismatch from mismatch and mutation?
b. discount rate = K = 12%
D.
1.040
= 5 1204)
silt0.4=104
C. V3 = Vo (tg)
=(13) (1.04)3 = (13)(1124864) = $14.621 If you want to learn more check out What does small intestine do to complete digestion?
A
14. Do = $13
(just paid means Dol
g = 5%
a. k=157.
b.k = 12
%.
 K  9
(3) (1.08) = (1505)
3.15 = 110

3 .15 12 05 3.15
07
=$31501
+$45
Equity = $200mil
2/29/16
22. Cost of new Firm = Book value If you want to learn more check out How much consumers are willing to pay?
ROE = 24%
Ko 15%.
D = 50% (reinvested)
mve
BVE
DIV
MVE
Do(1+g
a
Div = (16) (NI) ROE  NYE
ROE KE = NI NI = (24) (00m1) = 848 mil DIV=(.5) (48 mill= 24 mil g=D* ROE
(.5)(24) = 12%
(24) (14.12)
=
 $896 mil (15 .12) = BVE = 200 = 14.48
ME
b. ROE = 10%
g = (5) (10) = 5%. NI = (10) (200) = $200 mil DIV = $ 10mil
VE  (10) (17.05 = $105 mil Buve  200 =1.5250)
15
.05
Study SA
dos ApS
grow don't
it grow
* 29. historial / Past future
 ROE = 20%
D = 30% EPS=$3
k=12%
D = EPS (1D) = (3) (+7)= $2.10
a. g = D #ROE = (3) (20) = 6%. b. Vo = Rig = 2.2006 = 435
paying it all off VNG = D = EPS
C. PyGo = VGVNG = 3525= $10
ING = No outh VNG = e = 12 = $25
D. PLE =
= 11.7
e. P/ENG  25 = 8.3
f P, Go A P/En
1
Ch.8
Slide 815. in cal:
C01  25000
FOI = (how many times in a row you gonna use) = CO2= 25000
CO3 = 475000
CPT , NPV
I=7
CPT Slide 921 Co=375000 ... hit (CPT, TRP] 2 times
75000
8500
 1000ot/
o
o
K=12%
K=127.
IRR = 20.61%
NPV = 82029.09
4 20. PT NPV MPV
Us PI = NINVICE
K= 221.
a.co 2000
210D+/
1200
NPV=345579145 345.
579 145
PLE
Z100 = 1.164 561
아가기
2100
CF2
. NPV = $241.306
241306 P1 = 2100
= 1.1149081 higher Pl is better so @ is better
Studs
Study Shop
30. Econocool!
 150+/
15077
1507
1507
150+/
300+/
100
100
100
50ot/
100
4
i
Nf
wl
6
7
وسلم
I=21 Econo: N=5 Lux : N=8
لابيل
Solve set Solve
for NPV NPV to "PU" =$738.89
for Pmt  EAC = 252.53
872.5575 $234.
21
this has lower
Cost
p268. MIRR
out flows inflows
solve for PV of
 PV of EPV = "PV" EFV = "FV" :
N=5 solve for I = MIRR K = 20%
125
125
175
o
175
400
210t/
160. 751029
4 ist from end __210
252
PV = 370.751025+/ I  20.38% good. R>K
216
25920 FV=937.20
this might be on
tho 33. old: $5,000/yr only 2more years new :
CF, = 2,000+/ F0,= 10
CF 920,000+/
Ñ=10
Cali
 solve for NPV set NPV as PV
NE
I :  Solve for Pmt (this is EAC)
ak:47.
N=10
replace
:
T=4
it is
NPV:436,221.79156
PMT=EAC = $ 4465.82 cheaper to replace
b. k=12%
N=10 I=12
I Don't replace
WPV: 31,300.44606 PMT= EAC =5539.68
SAPERS
du saprIS
lets use 2ours
Ch.a Istraight 8. REV
Prod.cost Fixed DEPR EBIT EBIT(1T)
+ DEPR OCF
line depreciation = MACRS 120,000
Cost = $imil 40,000 • 25 yrs for this problem 15,000 o look at pg 286 37,500
> 20yr maces (Property)= 3.75). 27,500 • T = 35.6. 17,875  37,500 55,375
sa
dep work
cost
 2964
10. tax = 35%.
(c) K=12% AWC=1000 cost $40,000+/
+AWC CF = 41000+/ Lot 4 3yr MACRS
NPV = $7191.7786903.55 I save Scarp 10000
IRR = 21.76% Save $20,000 in energy 2
Basis MALLS .3333
.4445
*1481
0741 REV 20,000
20,000 20,000 G SVA SVtax DEPR 13,332
17,780 59924 tax (salesbasis) T EBIT
2220 14076   (10,000  2964) 35 EBIT(1T) 4339.20 1443 
9149.40  = 2462.60 + DEPR 13,3332
17780_ 5924  SVAT = 2462.60  OCF 17,666.20 19223 15073.40 CF7537.40 CF,
CF2 7537.40 Svat
22,610.80 AWC
CF3 1000  AWC 72.610.an
1000 
Studys pur
811L 
AS
SVAT = SVtax = 1000  329.82 TAX = (35) (542.40) = 329.82 CG = 942.40
 09 LS  227 = 5lsvg  5 50
0929 = (2201) (OLSO) = siste 259 (59.) (2201) AS
2001 = AS
good.
not
CF e
16
7 IR > K?
7.
26%.
IRR =
2095.96
Modal
920 273
80880 154.40
345.60
611.20
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E
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SSEIS 100 og Ste 12169 oz 169
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0021 adapt E OSL ZL SZS ZL S25
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9021 dbp. 2001 eosi cosi nesi OOST 951 raz OLSO  2S11 2S11 able  28. 02 Satu
so
+/+QQOL on 3 0001 + 2209 =H % SE=1
1.91571 99099 : mysbon ma '81
226.20 348
80880 691.20
g
Awe = $1000
Study Shape
BEG 24,000
* 20. END A/R 23.000 INU 12500 CA $ 35, 500 CL 16500
DE
12,000 $ 36,000
14,500
 500
2000
a. AwC
= CA CL = (500)  (2000) =  $ 2500
.
Study su