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of Baron, Inc. has total current assets of $1.200.000, total current liabilities 5300,000: fixed assets of $800,000 and long-term debt of $600,000. Assuming that there

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of Baron, Inc. has total current assets of $1.200.000, total current liabilities 5300,000: 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 o) 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 will earn 8.75% over the life of the IRA. How much will he have at the A) 5363,000 B)250,321 C)S125,250 D) $414,405 a $iso payroll deduction at the end of each month. Assume that Edward 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 B) $955 C) $875 D) $1,092 E) $650 12) If you have S375000 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 13) What is the present value of an investment that pays $10,000 every year for the next five years and $15,000 every year for years six through ten? Assume an annual rate of interest for the investment of 9%. A) $135,173.50 C) $76,816.60 B) $97,250.08 D) $125,040.32 14) The rate of return on the S&P 500 is 16.2%. Epsilon has a beta of 1.85. If 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) 25.0% 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 $50 return. A) $15.12 B) $142.80 C) $65.00 D) $154.00

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