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Troy Skinner is one the pension fund manager at US Corporation anticipates that benefits of 1 million per year must be paid to retirees. Retirements...
1.Troy Skinner is one the pension fund manager at US Corporation anticipates that benefits of £1 million per year must be paid to retirees. Retirements will not occur until 10 years from now. Once benefits begin to be paid, they will extend until year 39 for a total of 30 payments. What is the present value of the pension liability if the appropriate annual discount rate for plan liabilities is 5 percent compounded annually?
2.You want to save $75 a month for the next 15 years and hope to earn an average rate of return of 14 percent. How much more will you have at the end of the 15 years if you invest your money at the beginning of each month rather than the end of each month?
3.A bond has a 10-year maturity, a $1,000 face value, and a 7% coupon rate. If the market requires a yield of 8% on the bond, it will most likely trade at?
4.Last year, MM purchased equipment for $140 million. For the first year, straight-line depreciation was used assuming a depreciable life of 7 years with no salvage value. However, at year-end MM's management determined that assumptions of a useful life of 5 years with a salvage value of 10 percent of the original value were more appropriate.How would the return on assets (ROA) and return on equity (ROE) for last year change due to the change in depreciation assumptions?
5.Municipal bonds generally have a lower coupon rate than comparable corporate bonds and are appealing to individuals with low marginal tax rates?
6.Lisa deposits $2,500 into an account paying 5 percent interest, compounded annually. At the same time, Jill deposits $2,500 into an account paying 2.5 percent interest, compounded annually. At the end of five years:
7.The condominium at the beach that you want to buy costs $249,500. You plan to make a cash down payment of 20 percent and finance the balance over 10 years at 6.75 percent. What will be the amount of your monthly mortgage payment?
