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write my assignment 27269

Your company is considering diversifying its investment in financial securities into both stocks and bonds. You are asked to evaluate the following alternatives and make your recommendations as to the securities that your company should select.

Bonds:

There are several bonds traded in the market. Assuming that they are all in the same risk class, and you believed that a 9 percent rate of return should be required. The following bonds are those that you feel worth considering:

• Bond ABC, selling in the market at RM700, has a RM1,000 par value, pays a half-yearly coupon at annual rate of 7 percent, and is scheduled to mature in 20 years.

• Bond PQR is a perpetual bond with a face value of RM1000 and a 7 percent coupon rate. The bond, which is selling at RM500 now, pays interest to its investors at the end of every quarter.

• Bond XYZ is a zero-coupon bond with a face value of RM1,000. Currently priced at RM400, this bond will mature in 10 years.

Common stocks:

You are considering the common shares of the three companies that you have identified to work with. The market’s required rate of return on common equity is 15 percent. More information on each share is as below:

• Alpha Berhad is selling at RM15 per share. You expect the company will be experiencing a period of rapid growth of 12 percent per year for the next two years and then slow down to a constant growth of 5 percent per year due to competitors entering the market. The most recent annual dividend paid by Alpha was RM1.50.

• Beta Industries Berhad is a newly listed company and its current market price is RM5 per share. During a press conference in conjunction with its debut on the Bursa Malaysia, the Chairman announced that Beta Industries will only pay its first dividend three years from now to enable the company to cope with the capital requirements to support growth. This expected dividend of RM0.30 per share will remain constant for four years, and after that will grow at a rate of 5 percent forever.

• Gamma Corporation Berhad is an established public company that has been in the bourse for more than two decades. Gamma Corporation has been paying fixed dividends of RM2 to their shareholders for a long time and it seems that there is no indication that they are going to raise it. The current price of Gamma common share is RM10 per share.

1. Calculate the value of all the securities that have been shortlisted above.

2. What are the securities that you would select into your portfolio? Why?

1ABCInterestrateNPVPV of 2200Bond PriceSelling for 350.04540$644.06171.9287$815.98$700 PQRrateinterestrequire rateValueSelling Price 0.017517.50.0225$ 777.78$ 500.00 XYZ…

 

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write my assignment 26839

1.    Nola, who is employed by a bank, is a single resident taxpayer with private health insurance. She earns a salary of $120,000 a year, and she owns a rental property which she receives rent income of $15,000 per year and $4,000 interest. During the year, Nola spent $4,000 dining in fine restaurants, $4,000 in self – education expenses, $2,000 to find a someone to walk her pet dog, $15,000 of investment property repairs and $3,000 of car expenses.

a.     Calculate Nola’s taxable income.

b.    Calculate the basic income tax liability on the taxable income.

2.    Since 2014, Andre has been travelling around the world. He is currently in Vietnam and has bought a house in Hanoi. He has also met a Vietnamese girl, Trang, and intends to marry her and settle in Vietnam. In 2017, Andre has been travelling back and forth between Vietnam and Australia, to move his furniture and personal belongings to Vietnam. He intends to leave his home in Australia empty or give it to his sister Lorene as a gift. Explain the following:

a.     Is Andre a resident of Australia?

3. Pancras Ltd finished tax year 2015-16 with trading stock at cost of $15 million. During 2016-17 sales totalled $150 million and purchases totalled $60 million. Closing stock at cost at the end of the period was $10 million, its replacement value was $20 million and market selling value $7 million. Calculate the company’s assessable income alternatives for 2016-17.

4.    Mike works as a surgeon at the local hospital. In year 2010, he was diagnosed with Parkinson’s disease. This causes his hands to tremble and shake, which prevents Mike from performing any more surgery.

In case of a disability and Mike cannot work or perform any surgeries, Mike will receive a monthly benefit of $5,000 for the period which he was partially or totally disabled. In 2015, Mike ceased work totally and he made a claim on his insurance policy of $300,000 for the period between 2010 to 2015 and he was paid the $300,000.

Explain the following:

a.     What was character of the of the claim?

b.     Is the claim assessable? Explain why/why not. 

c.     Would your answer be different if Mike had an accident and the $300,000 payment was solely for Mike’s loss of use of his hands?

5. In 2010, Dene Ltd, a company dealing with the production of industrial steel, bought a parcel of land to use half the land to build a plant, and the other half of the land for storage facility. The cost of the land was $2 million.

 

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write my assignment 1739

A random sample is drawn from a normally distributed population with mean μ = 20 and standard deviation σ = 2.5. Use Table 1.

a.Is the sampling distribution of the sample mean with n = 28 and n = 55 normally distributed?

   YesNo 

b.Can you use the standard normal distribution to calculate the probability that the sample mean is less than 20.6 for both sample sizes?

   YesNo 

c.Calculate the above probabilities for both sample sizes. (Round intermediate calculations to 4 decimal places, “z” value to 2 decimal places, and final answer to 4 decimal places.)

  n          Probability28    55    

 

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write my assignment 24324

I will pay for the following essay The Asian ‘miracle’: the rise of Japan and the ‘tigers’, presentation papers. The essay is to be 2 pages with three to five sources, with in-text citations and a reference page.

What ever may be the form of governance, the role played by the State in encouraging the growth of these economies was very vital. The welfare capitalism practiced by the State helped the economic growth. The state took care of the man power requirement for these growing economies. By concentrating on higher education, the state assured qualified and expert man power for the growth of these economies. Malaysia is a typical example. The recent Malaysian development plan addresses the demand for educated and skilled workforce. The plan statement asserts that only well educated skilled workforce can help rapid .industrialization of the economy. So the State’s intervention, in making available educated and skilled workforce is a major factor in the growth of these economies. In all “Tiger Economies”, the State spends much money on improving the college and university system of education. During the early period of this economic growth, that’s during 1960’sthese countries were relatively poor. This provided cheap labor during the early years of the growth of these economies.

2. Exports and these economies: After the two world wars, the model of development advocated in and for the developing world, was abandoning of import substitution. Thus the tiger economies followed an export driven strategy of development. They concentrated on exports to highly industrialized nations. For increasing exports, they discouraged domestic consumption. This was done again by State intervention with policies of higher tariffs. The export oriented economy had its own problems too. All global economic crises will directly reflect upon these economies. The Asian financial crisis of 1997 is an example often quoted in this context.

3. Japan as a model: Yes, I think it was Japan and its successful economy, rebuilt after the world war that posed as a model for the development of the so called “Tiger

 

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