The Monroe Co. is going to issue a twenty-year 8% (annual) coupon bond making semi-annual coupon payments. The bond will be priced at $907.99 per If the firms tax rate is 37%, their after-tax cost of debt will be __ %?

Answer in two decimal and no % sign.

You are shopping for a Bond to add to your well diversified investment portfolio. You come across an annual bond paying 7.5% for 19 years with a par value of $1,000. If competitive bond yields in the market are 6.7%, then what is the Fair Market/Present Value of this one?

Answer to the penny, and enter without the $ sign.

Darrington Inc. is evaluating an equipment purchase which requires an expenditure of $473 today followed by an inflow of $150 in year one, $200 in year two, and $292 in year three. What is the net present value of these cash flows to the nearest cent if the discount rate is 6%?

You borrowed money at 8.6% interest to purchase a car. You have 53 monthly payments of $644 left until you pay off the loan with interest.

You want to refinance at a lower rate... what is you current balance?

Answer to the nearest whole dollar and leave out the $ symbol.

The Mansford Co. Evaluates projects using payback. Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the next four years:

Year 1 312

Year 2 459

Year 3 73

Year 4 484

What is the payback for this project?

Answer to two decimal places.

As a retention bonus (to keep you from leaving for a competitor) Weyland-Yutani Industries offers you an account with $129,823 earning 5 percent per year. You are allowed to withdraw from it at the end of every year, over 6 years, in equal annual withdrawals until the account is completely depleted. How much are your withdrawals?

Answer to the nearest cent, and enter without $ sign.