FIN515COMPLETE
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FIN515 Week 1 Homework assignment
Week 1 Homework Assignment
Complete the following graded homework assignment in a Word document
named “FIN515_Homework1_yourname."
Show the details of your calculations/work in your answer to the problems.
· Mini Case (p. 45)
· Problems (p. 79)
o 26 Statement of Retained
Earnings
o 27 Corporate Tax Liability
(calculate tax liability and AT income)
o 29 Corporate AfterTax Yield
(muni, corp, PS)
FIN515 Week 2 Homework Assignment
Week 2 Homework Assignment
Complete the following graded homework assignment in a Word document
named “FIN515_Homework2_yourname."
Show the details of your calculation/work in your answer to the problems.
· Problems (p.112)
o 31 Days Sales Outstanding
o 32 Debt Ratio
o 33 Market/Book Ratio
o 34 PE Ratio
o 35 ROE
o 36 Du Pont Analysis
o 37 Current and Quick Ratios
· Problems (pp. 165167)
o 41 FV of Single Amount
o 42 PV of Single Amount
o 46 FV of Ordinary Annuity
o 413 a PV of an Annuity
o 414 PV Uneven Cash Flow Stream
FIN515 Week 3 Homework Assignment
Week 3 Homework Assignment
Complete the following graded homework assignment in a Word document
named “FIN515_Homework3_yourname."
Show the details of your calculation/work in your answer to the problems.
· Problems (pp. 210211)
o 51 Bond Valuation with Annual
Payments
o 52 YTM for Annual Payments
o 56 Maturity Risk Premium
o 57 Bond Valuation with
SemiAnnual Payments
o 513 Yield to Maturity and
Current Yield
· Questions (p. 257)
o 66 Beta and expected return
· Problems (pp. 258259)
o 61 Portfolio Beta
o 62 Required Rate of Return
Stock
o 67 Required Rate of Return
FIN515 Week 4 Homework Assignment
Week 4 Homework Assignment
Complete the following graded homework assignment in a Word document
named “FIN515_Homework4_yourname".
Show the details of your calculation/work in your answer to the Problems.
· Problems (p. 297)
o 72 Constant Growth Valuation
o 74 Preferred Stock Valuation
o 75 Nonconstant Growth
Valuation
· Problems (p. 371)
o 92 AfterTax Cost of Debt
o 94 Cost of Preferred Stock
with Flotation Costs
o 95 Cost of Equity  DCF
o 96 Cost of Equity  CAPM
o 97 WACC
FIN515 Week 5 Project Graded A
Week 5  Project
Complete the Problem 117
"NewProject Analysis" (p. 460) and detail your work in the answer to
each question in a Word document named "FIN515_W5_Project_yourname."
The project is graded and worth 35 points.
Submit your assignment to the
Dropbox located on the silver tab at the top of this page. For instructions on
how to use theDropbox, read these StepbyStep Instructions or watch this Dropbox
Tutorial.
FIN515 Week 5 Homework Assignment
Week 5 Homework Assignment
Complete the following graded homework assignment in a Word document
named “FIN515_Homework5_yourname."
Show the details of your calculation/work in your answer to the problems.
· Problems (p. 414)
o 108 NPV IRRs and MIRRs for
Independent Projects
o 109 NPVs and IRRs for Mutually
Exclusive Projects
· Problems (pp. 458459)
o 112 Operating Cash Flow
o 113 Net Salvage Value
FIN515 Week 6 Homework Assignment
Complete the following graded homework assignment in a Word document
named “FIN515_Homework6_yourname".
Show the details of your calculation/work in your answer to the Problems.
· Problems (p. 503)
o 121 AFN Equation
· Problems (pp. 549550)
o 132 Value of Operations of
Constant Growth Firm
o 133 Horizon Value
o 134 EROIC and MVA of Constant
Growth Firm
FIN515 Week 7 Homework Assignment
Week 7 Homework Assignment
Complete the following graded homework assignment in a Word document
named “FIN515_Homework7_yourname".
Show the details of your calculation/work in your answer to the Problems.
· Problems (pp. 681–682)
o 161 Cash Management
o 162 Receivables Investment
o 163 Cost of Trade Credit
o 164 Cost of Trade Credit
o 165 Accounts Payable
FIN515 Week 7 Project Graded A
Week 7  Project
Complete the Problem 1310
Corporate Valuation on pages 551552 in a Word document named
"FIN515_W7_Project_yourname". Show the details of your
calculation/work in your answer to the Problem.
Submit your project to the
Dropbox located on the silver tab at the top of this page. For instructions on
how to use theDropbox, read these StepbyStep Instructions or watch this
Dropbox Tutorial.
See Syllabus/"Due Dates for
Assignments & Exams" for due date information.
FIN515 All Discussion Questions /
Devryuniversity/ Graded A
w1 dq1 Capital Formation
w1 dq2 Financial Statements and FCF
w2 dq1 Analysis of Financial Statements
w2 dq2 TVM
w3 dq1 Bond Valuation
w3 dq2 Risk Return and the CAPM
w4 dq1 Stock and Stock Valuation
w4 dq2 The Cost of Capital
w5 dq1 Capital Budgeting
w5 dq2 Cash Flow Estimation and Risk Analysis
w6 dq1 Financial Planning & Forecasting
w6 dq2 Value Based Management
w7 dq1 Working Capital Management
w7 dq2 Working Capital Financing
FIN515 Week 4 Midterm Exam
Question :
(TCO A) Which of the following
statements is CORRECT?
Points Received:
10 of 10
2.
Question :
(TCO G) A security analyst
obtained the following information from Prestopino Products’ financial
statements:
• Retained earnings at the end of 2009 were $700,000, but retained earnings at the end of 2010 had declined to $320,000.
• The company does not pay dividends.
• The company’s depreciation expense is its only noncash expense; it has no amortization charges.
• The company has no noncash revenues.
• The company’s net cash flow (NCF) for 2010 was $150,000.
On the basis of this information, which of the following statements is CORRECT?
• Retained earnings at the end of 2009 were $700,000, but retained earnings at the end of 2010 had declined to $320,000.
• The company does not pay dividends.
• The company’s depreciation expense is its only noncash expense; it has no amortization charges.
• The company has no noncash revenues.
• The company’s net cash flow (NCF) for 2010 was $150,000.
On the basis of this information, which of the following statements is CORRECT?
Points Received:
10 of 10
3.
Question :
(TCO G) LeCompte Corp. has
$312,900 of assets, and it uses only common equity capital (zero debt). Its
sales for the last year were $620,000, and its net income after taxes was
$24,655. Stockholders recently voted in a new management team that has promised
to lower costs and get the return on equity up to 15%. What profit margin would
LeCompte need in order to achieve the 15% ROE, holding everything else
constant?
Points Received:
10 of 10
4.
Question :
(TCO B) You want to buy a new
sports car three years from now, and you plan to save $4,200 per year,
beginning one year from today. You will deposit your savings in an account that
pays 5.2% interest. How much will you have just after you make the third
deposit, three years from now?
Points Received:
10 of 10
5.
Question :
(TCO B) At a rate of 6.5%, what
is the future value of the following cash flow stream?
Years: 0 1 2 3 4

CFs: $0 $75 $225 $0 $300
Years: 0 1 2 3 4

CFs: $0 $75 $225 $0 $300
Points Received:
10 of 10
6.
Question :
(TCO B) Farmers Bank offers to
lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid
quarterly. Merchants Bank offers to lend you the $50,000, but it will charge
6.0%, simple interest, with interest paid at the end of the year. What's the
difference in the effective annual rates charged by the two banks?
Points Received:
10 of 10
7.
Question :
(TCO D) A 15year bond with a
face value of $1,000 currently sells for $850. Which of the following
statements is CORRECT?
Points Received:
10 of 10
8.
Question :
(TCO D) Ezzell Enterprises’
noncallable bonds currently sell for $1,165. They have a 15year maturity, an
annual coupon of $95, and a par value of $1,000. What is their yield to
maturity?
Points Received:
10 of 10
9.
Question :
(TCO C) Keys Corporation's
fiveyear bonds yield 7.00%, and fiveyear Tbonds yield 5.15%. The real
riskfree rate is r* = 3.0%, the inflation premium for fiveyear bonds is %,
the liquidity premium for Keys' bonds is % versus zero for Tbonds, and the
maturity risk premium for all bonds is found with the formula MRP = (t  1) x
0.1%, where of years to maturity. What is the default risk premium (DRP) on
Keys' bonds?
Points Received:
10 of 10
10.
Question :
(TCO C) Assume that the riskfree
rate remains constant, but the market risk premium declines. Which of the
following is most likely to occur?
Points Received:
FIN 515 Final Exam (Set 4)
1.Which
of the following is not a step in the WACC valuation method?
2. Which of the following
statements is correct?
3. Church Inc. is presently
enjoying relatively high growth because of a surge in the demand for its new
product. Management expects earnings and dividends to grow at a rate of 25% for
the next 4 years, after which competition will probably reduce the growth rate
in earnings and dividends to zero. The company’s last dividend, D0, was $ 1.25,
its beta is 1.20, the market risk premium is 5.50%, and the riskfree rate is
3.00%. Which is the current price of the common stock?
4. (TCO
G) The ABC Corporation’s budgeted monthly sales are $4,000. In the first month,
40% of its customers pay and take the 3% discount.
The remaining 60% pay in the month following the sale and don’t receive a discount.
ABC’s bad debts are very small and are excluded from this analysis.
Purchases for next month’s sales are constant each month at $2,000. Other payments for wages, rent, and taxes are constant at $500 per month.
Construct a single month’s cash budget with the information given. What is the average cash gain or (loss) during a typical month for the ABC Corporation?
The remaining 60% pay in the month following the sale and don’t receive a discount.
ABC’s bad debts are very small and are excluded from this analysis.
Purchases for next month’s sales are constant each month at $2,000. Other payments for wages, rent, and taxes are constant at $500 per month.
Construct a single month’s cash budget with the information given. What is the average cash gain or (loss) during a typical month for the ABC Corporation?
5. (TCO
G)
Consider the information for the
following four firms.
Firm

Cash

Debt

Equity

rD

rE

Ï„c

Eenie

0

150

150

5%

10%

40%

Meenie

0

250

750

6%

12%

35%

Minie

25

175

325

6%

11%

35%

Moe

50

350

150

7.50%

15%

30%

Which is the weighted average
cost of capital for Meenie closest to?
1. (TCO
H) Zervos Inc. had the following data for 2008 (in millions). The new CFO
believes (a) that an improved inventory management system could lower the
average inventory by $4,000, (b) that improvements in the credit department
could reduce receivables by $2,000, and (c) that the purchasing department
could negotiate better credit terms and thereby increase accounts payable by
$2,000. Furthermore, she thinks that these changes would not affect either
sales or the costs of goods sold. If these changes were made, by how many days
would the cash conversion cycle be lowered?
2. (TCO C) A firm buys on terms
of 2/8, net 45 days, it does not take discounts, and it actually pays after 58
days. What is the effective annual percentage cost of its nonfree trade credit?
(Use a 365day year.)
3. (TCO
E) Your firm is planning to invest in a new power generation system. Galt
Industries is an allequity firm that specializes in this business. Suppose
Galt’s equity beta is 0.75, the riskfree rate is 3%, and the market risk
premium is 6%. If your firm’s project is all equity financed, then which is
your estimate of your cost of capital closest to?
4. (TCO
B)
You expect CCM Corporation to
generate the following free cash flows over the next 5 years.
Year

1

2

3

4

5

FCF ($ millions)

25

28

32

37

40

Following Year 5, you estimate
that CCM’s free cash flows will grow at 5% per year and that CCM’s weighted
average cost of capital is 13%.
Which is the enterprise value of
CCM Corporation closest to?
4. (TCO B)
You expect CCM Corporation to generate
the following free cash flows over the next 5 years.
Year 1 2 3 4 5
FCF ($ millions) 25 28 32 37 40
If CCM has $200 million of debt
and 8 million shares of stock outstanding, then which is the share price for
CCM closest to?
5. (TCO
D)
Which is the standard deviation
of the returns on Stock A from 2000 to 2009 closest to?
Year End

Stock A Realized Return

(R – R)

(R – R)2

2000

46.3%

29.85%

0.0891023

2001

26.7%

10.25%

0.0105063

2002

86.9%

70.45%

0.4963203

2003

23.1%

6.65%

0.0044223

2004

0.2%

16.25%

0.0264063

2005

3.2%

19.65%

0.0386123

2006

27.0%

43.45%

0.1887903

2007

27.9%

11.45%

0.0131103

2008

5.1%

21.55%

0.0464403

2009

11.3%

27.75%

0.0770063

FIN515 COMPLETE COURSE FIN
515 COMPLETE COURSE
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