Blue Ridge Bank has a PM of 12%, an interest income to total assets ratio of 6.00%, and a noninterest income to assets ratio of 1.50%. Blue Ridge also has $9 in assets per dollar in equity capital. What is Blue Ridge's ROE? A bank has interest income to total assets ratio of 5%, and has noninterest income of $30 million and total assets of $750 million. What is the bank's asset utilization ratio? Larry smart has $10,000 which he can invest today. In addition to this amount, he can also invest $2, 500 per year for thirty years (beginning one year from now) at which time he will retire. He plans on living for twenty years after he retires. If interest rates are 5%, what size annual annuity payment can he obtain for his retirement years? An employee contributes $20,000 to a 401(k) plan each year, and the company matches 25% of this annually. Equity funds are earning 10%, bond funds 4% and money market funds 1%. The employee will retire in 25 years. How much money will he have at retirement if he puts 60% of his money in equities, 30% in bond funds and the rest in money market funds? An open-end mutual fund owns 1500 share of Krispy Kreme priced at $12. The fund also owns 1,000 shares of Ben & Jerry's priced at $43, and 2,000 shares of Pepsi priced at $50. The fund itself has 3, 500 of its own shares outstanding. What is the NAV of a fund's share? You have $10,000 to invest and you are considering investing in a fund. The fund charges a front-end load of 5.75% and an annual expense fee of 1.25% of the average asset value over the year. You believe the fund's gross rate of return will be 11% per year, If you make the investment, what should your investment be worth in one year? You have $16,000 to invest in a mutual fund with a NAV = $45. You choose a fund with a 4% front load, a 1% management fee, and a 0.25% 12b-1 fee. Assume that the management and 12b-1 fees are charged on year-end assets. The gross annual return on the fund's shares was 9%. What was your net annual rate of return to the nearest basis point