Greyhound stables, inc. operates several dog racing tracks throughout the united states. since most facilities are outdoor tracks only, most of the cash receipts for greyhound are received from april through october. these funds are usually invested in short-term, very liquid investments, such as stocks and bonds. among the stocks purchased last year, was servitronics, a company specializing in automatic vending equipment. the company decided not to sell its servitronics stock at the end of last year, and has purchased more of the stock this year. the company intends to continue to purchase stock until it holds enough to make a takeover bid for the company. the accountants have been instructed to continue to classify the investment as short-term until the takeover is accomplished, so that less attention will be directed to it. (presently, greyhound has no long-term investment in stock at all.)required: 1. is it ethical for greyhound to attempt to take over another company? explain.2. is it ethical for greyhound to leave its investment in the short-term investment category? explain.

What is the most important type of decision that the financial manager makes?

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.