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Baron, Inc. has total current assets of $1,200,000; total current liabilities of 5500,000, fixed assets of $800,000; and long-term debt of $600,000. Assuming that there

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Baron, Inc. has total current assets of $1,200,000; total current liabilities of 5500,000, fixed assets of $800,000; and long-term debt of $600,000. Assuming that there are no other assets, how much is the firm's total equity? A) $1,200,000 B) $800,000 C) $900,000 D) $2,000,000 9) 10) Edward Johnson decided to open up a Roth IRA. He will invest $1,800 per year for the next 35 years. Deposits to the Roth IRA will be made via a $150 payroll deduction at the end of each month. Assume that Edward will earn 8.75% over the life of the IRA. How much will he have at the end of 35 years? A) $363,000 B) S250,321 C)$125,250 D) $414,405 You wish to purchase a condo at a cost of $175,000. You are able to make a down payment of $35,000 and will borrow $140,000 for 30 years at an interest rate of 7.25%. How much is your monthly mortgage payment? 11) A) $1,023 ns, 000 35,000 140100D 2-A D) $1,092 E) $650 12) If you have $375000 in an account earning 9% annually, what constant amount could you withdraw each year and have nothing remaining at the end of 20 years? A) $7,500 B) $66,912 C) $18,750 D) $41,080 E) $5,575 10 13) What is the present value of an investment that pays $10,000 every year every year for years six through ten? for the next five years and $15,000 Assume an annual rate of interest for the investment of 9%. A) S135,173.50 C) $76,816.60 B) $97,250.08 D) $125,040.32 1b 14) The rate of return on the S&P 500 is 16.2%, Epsilon has a beta of 1.R5J the T-bond rate is 5.9%, what should investors expect as a rate of return on Epsilon's stock? (Hint: Use CAPM) A) 18.5% B) 16.2% C) 22.1% D) 250% 15) What is the expected return on an investment that has the following expected scenarios? A 10% probability of a booming economy with a $250 return; a 70% probability of a moderate economy with a $154 return; a 20% probability of a declining economy with a S50 return. A) $15.12 B) $142.80 C) $65.00 D) $154.0

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