Abiyote invested $24,500 on January 1, 1994 in the Utopia Fund. On May 1, 1995, his balance was $28,212 and he withdrew $10,000. On December 1, 1995, his balance was $15,892, and he deposited $8,000. On January 1, 1997 his balance was $30,309. (a) Find the annual time-weighted yield for the Utopia Fund for the threeyear period from January 1, 1994 until January 1, 1997. (b) Find an approximate annual dollar-weighted yield received by Abiyote for the three-year period from January 1, 1994 until January 1, 1997 using (2.6.5) (c) (recommended for those with a BA II Plus calculator ) Find the dollarweighted yield received by Abiyote for the three-year period from January 1, 1994 until January 1, 1997, correct to the nearest millionth of a percent. (d) Compare the time-weighted yield experienced by the Utopia Fund and the dollar-weighted yield received by Abiyote from his investment in the Utopia Fund. Discuss why the inequality between them is in the direction it is.

Afirm's before-tax cost of debt, rd, is the interest rate that the firm must pay on debt. because interest is tax deductible, the relevant cost of debt used to calculate a firm's wacc is the cost of debt, rd (1 – t). the cost of debt is used in calculating the wacc because we are interested in maximizing the value of the firm's stock, and the stock price depends on cash flows. it is important to emphasize that the cost of debt is the interest rate on debt, not debt because our primary concern with the cost of capital is its use in capital budgeting decisions. the rate at which the firm has borrowed in the past is because we need to know the cost of capital. for these reasons, the on outstanding debt (which reflects current market conditions) is a better measure of the cost of debt than the . the on the company's -term debt is generally used to calculate the cost of debt because more often than not, the capital is being raised to fund -term projects. quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). the bonds currently sell for $845.87. if the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? round your answer to 2 decimal places. do not round intermediate calcu

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?