# Business & Finance homework help

Business & Finance homework help. These are answers for several problems for a finance class; however, the professor wants the answers and calculations done in excel.  Please complete this through excel (DO NOT COPY AND PASTE THEM). Excel has to do all the calculations
6.1

1. The Ask price is \$10,000 x 107.5391% = \$10,753.91
2. The Bid price is \$10,000 x 100.0391% = \$10,003.91

6.8
If your marginal tax rate is 21 percent, the after-tax or equivalent tax exempt yield on the taxable bond is
9.5% (1 – 0.21) = 7.51%

6.15
Before the rating change:
Vb = (\$1,000(6.5%)/2) {[1-(1/(1 + 0.072/2)2(15))]/0.072/2} + 1,000/(1 + 0.072/2)2(15)
Solving for Vb, we get \$936.4268335.
Before the rating change:
Vb = (\$1,000(6.5%)/2) {[1-(1/(1 + 0.072/2)2(15))]/0.072/2} + 1,000/(1 + 0.072/2)2(15)
Solving for Vb, we get \$936.4268335.
On a financial calculator: PMT = 32.50, FV = 1,000, I = 7.20/2 = 3.60, N = 15(2) = 30=> PV = -936.4268335

After the rating change:
Vb = (\$1,000(6.5%)/2) {[1-(1/(1 + 0.085/2)2(15))]/0.085/2} + 1,000/(1 + 0.085/2)2(15)
Solving for Vb, we get \$832.2098283.
On a financial calculator: PMT = 32.50, FV = 1,000, I = 8.5/2 = 4.25, N = 15(2) = 30=> PV = -832.2098283

\$ change in Vb = \$832.2098283 – \$936.4268335 = -\$104.2170052
% change in Vb = (\$832.2098283 – \$936.4268335)/\$936.4268335 = -\$104.2170052/\$936.4268335 = -11.129%

8.1

1. With straight voting, the vote on the board of directors occurs one director at a time. Thus, the number of votes eligible for each director is 15,000,000, the number of shares outstanding. The minimum number of votes needed to ensure election is one half 15 million votes available, or 7.5 million.

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