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According to the Internal Revenue Service, the mean tax refund for the year 2014 was $2,800....
Majesty Video Production Inc. wants the mean length of its advertisements to be 31 seconds. Assume...
Majesty Video Production Inc. wants the mean length of its advertisements to be 31 seconds. Assume the distribution of ad length follows the normal distribution with a population standard deviation of 2 seconds. Suppose we select a sample of 19 ads produced by Majesty a. What can we say about the shape of the distribution of the sample mean time? Answer is complete and correct. The distribution will normal be b. What is the standard error of the mean time?...
According to the Internal Revenue Service, the average length of time for an individual to complete...
According to the Internal Revenue Service, the average length of time for an individual to complete (keep records for, learn, prepare, copy, assemble, and send) IRS Form 1040 is 10.26 hours (without any attached schedules). The distribution is unknown. Let us assume that the standard deviation is two hours. Suppose we randomly sample 36 taxpayers. 1. Give the distribution of X. (Round your answers to two decimal places.) X ~ N(10.26, ___?___) 2. Find the probability that the 36 taxpayers...
Individuals filing federal income tax returns prior to March 31 received an average refund of $2763...
Individuals filing federal income tax returns prior to March 31 received an average refund of $2763 Consider the population of “last-minute” filers who mail their tax return during the last five days of the income tax period (typically April 10 to April 15). A researcher suggests that a reason individuals wait until the last five days is that,, on avaerage, these individuals receive lower refunds than do early filers. For a sample of 60 individuals who filed a tax return...
The income statement for Huerra Company for last year is provided below: Sales Less: Variable expenses...
The income statement for Huerra Company for last year is provided below: Sales Less: Variable expenses Total $38,000,000 22,800,000 Unit $380.00 228.00 Contribution margin Less: Fixed expense 15,200,000 7,600,000 152.00 76.00 Net operating income Less: Income taxes @ 30% 7,600,000 2,280,000 76.00 22.80 Net income $ 5,320,000 $ 53.20 The company had average operating assets of $19,000,000 during the year. Required: 1. Compute the company's ROI for the period using the ROI formula stated in terms of margin and turnover....
Can you please show your work and/or calculator steps? Problem 11-26 A 30-year maturity bond making...
Can you please show your work and/or calculator steps?
Problem 11-26 A 30-year maturity bond making annual coupon payments with a coupon rate of 15.3% has duration of 10.59 years and convexity of 163.0. The bond currently sells at a yield to maturity of 9%. e-1. Find the price of the bond if it's yield to maturity rises to 10%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Price of the...
Consider the following information: Rate of Return if State Occurs State of Probability of State of...
Consider the following information: Rate of Return if State Occurs State of Probability of State of Economy Stock A Stock B Stock C Economy Воom 0.10 0.18 0.48 0.33 0.15 Good 0.30 0.11 0.18 0.40 Роor 0.05 -0.09 -0.05 -0.32 0.20 -0.03 -0.09 Bust a. Your portfolio is invested 25 percent each in A and C and 50 percent in B. What is the expected return of the portfolio? (Do not round intermediate calculations. Enter your answer as a percent...
A Treasury STRIPS matures in 8 years and has a yield to maturity of 5.4 percent. Assume the par value is $100,000....
A Treasury STRIPS matures in 8 years and has a yield to maturity of 5.4 percent. Assume the par value is $100,000. a. What is the price of the STRIPS? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. $ 65,293.94 Price b. What is the quoted price? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Answer is complete but not entirely correct. Quoted Price 65,206.940
correct wrong answer Use the following returns for X and Y. Returns 10 Year points 22.2%...
correct wrong answer
Use the following returns for X and Y. Returns 10 Year points 22.2% - 17.2 10.2 20.4 27.6% - 4.2 29.6 - 15.4 33.6 5.2 a. Calculate the average returns for X and Y. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the variances for X and Y. (Do not round intermediate calculations and round your answers to 6 decimal places, e.g., 32.161616.) Calculate...
A stock has a beta of 1.0 and an expected return of 14 percent. A risk-free...
A stock has a beta of 1.0 and an expected return of 14 percent. A risk-free asset currently earns 4.5 percent. a. What Is the expected return on a portfollo that Is equally Invested In the two assets? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete and correct. Expected 9.25 return b. If a portfolio of the two assets has a beta of 0.85, what are the portfolo weights?...
According to the Internal Revenue Service, the average length of time for an individual to complete (keep records for, l...
According to the Internal Revenue Service, the average length of time for an individual to complete (keep records for, learn, prepare, copy, assemble, and send) IRS Form 1040 is 10.18 hours (without any attached schedules). The distribution is unknown. Let us assume that the standard deviation is two hours. Suppose we randomly sample 36 taxpayers. Part (a) In words, define the random variable X. the number of taxpayers sampled the length of time, in minutes, for an individual to complete...
Majesty Video Production Inc. wants the mean length of its advertisements to be 31 seconds. Assume the distribution of ad length follows the normal distribution with a population standard deviation of 2 seconds. Suppose we select a sample of 19 ads produced by Majesty a. What can we say about the shape of the distribution of the sample mean time? Answer is complete and correct. The distribution will normal be b. What is the standard error of the mean time?...
The income statement for Huerra Company for last year is provided below: Sales Less: Variable expenses Total $38,000,000 22,800,000 Unit $380.00 228.00 Contribution margin Less: Fixed expense 15,200,000 7,600,000 152.00 76.00 Net operating income Less: Income taxes @ 30% 7,600,000 2,280,000 76.00 22.80 Net income $ 5,320,000 $ 53.20 The company had average operating assets of $19,000,000 during the year. Required: 1. Compute the company's ROI for the period using the ROI formula stated in terms of margin and turnover....
Can you please show your work and/or calculator steps?
Problem 11-26 A 30-year maturity bond making annual coupon payments with a coupon rate of 15.3% has duration of 10.59 years and convexity of 163.0. The bond currently sells at a yield to maturity of 9%. e-1. Find the price of the bond if it's yield to maturity rises to 10%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Price of the...
Consider the following information: Rate of Return if State Occurs State of Probability of State of Economy Stock A Stock B Stock C Economy Воom 0.10 0.18 0.48 0.33 0.15 Good 0.30 0.11 0.18 0.40 Роor 0.05 -0.09 -0.05 -0.32 0.20 -0.03 -0.09 Bust a. Your portfolio is invested 25 percent each in A and C and 50 percent in B. What is the expected return of the portfolio? (Do not round intermediate calculations. Enter your answer as a percent...
A Treasury STRIPS matures in 8 years and has a yield to maturity of 5.4 percent. Assume the par value is $100,000. a. What is the price of the STRIPS? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. $ 65,293.94 Price b. What is the quoted price? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Answer is complete but not entirely correct. Quoted Price 65,206.940
correct wrong answer
Use the following returns for X and Y. Returns 10 Year points 22.2% - 17.2 10.2 20.4 27.6% - 4.2 29.6 - 15.4 33.6 5.2 a. Calculate the average returns for X and Y. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the variances for X and Y. (Do not round intermediate calculations and round your answers to 6 decimal places, e.g., 32.161616.) Calculate...
A stock has a beta of 1.0 and an expected return of 14 percent. A risk-free asset currently earns 4.5 percent. a. What Is the expected return on a portfollo that Is equally Invested In the two assets? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete and correct. Expected 9.25 return b. If a portfolio of the two assets has a beta of 0.85, what are the portfolo weights?...
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