A stock index currently stands at 500. The risk-free interest rate is 5% per annum (with continuous compounding) and the dividend yield on the index is 3.5% per annum. What should the futures price for a three-month contract be?

Jake has been working at a prison located in Florida for five years. His primary duties include escorting inmates on trial in and out of court, checking prison cells for drugs, and maintaining order at the prison. Which role does Jake perform?

Foxmoor Corporation uses an imputed interest rate of 13% in the calculation of residual income. Division X, which is part of Foxmoor, had invested capital of $1,200,000 and an ROI of 16%. On the basis of this information, X's residual income was:

The two stocks in your portfolio, X and Y, have independent returns, so the correlation between them, rXY is zero. Your portfolio consists of $50,000 invested in Stock X and $50,000 invested in Stock Y.

A bank is considering two securities: a 30-year treasury bond yielding 7 percent and a 30-year municipal bond yielding 6 percent. a. if the bank's tax rate is 30 percent, calculate the treasury bond's after-tax yield.

One of the five criteria for a finance lease specifies that the present value of the lease payments be equal to or greater than:

Anthony and cathy smith have been married for thirty-one years. they have always had a joint bank account, discuss big expenditures before making them, and share household duties.

Assume there is a decrease in the market demand for a good sold by price-taking firms that are initially producing the profit-maximizing level of output. For the individual firm, this would result in:

A company uses the periodic inventory system and had the following activity during the current monthly period.

Recently, Pfizer and Allergan - the makers of Viagra and Botox, respectively - initiated a $160 billion merger. Pharmaceutical companies tend to spend a greater percentage of sales on R&D activities than other industries.

Concord Furniture factors $893000 of receivables to Pharoah, Inc. Pharoah assesses a 3% service charge on the amount of receivables sold. Concord Furniture factors its receivables regularly with Pharoah.