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Part I. Multiple Choices. (3*16=48 points)

In its most recent financial statements, Del-Castillo Inc. reported $70 million of net income and $1000 million of retained earnings. The previous retained earnings were $955 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.                  

Renfro Rentals has issued bonds that have a 7% coupon rate, payable semiannually. The bonds mature in 10 years, have a face value of $1,000, and a yield to maturity of 6.5%. What is the price of the bonds?         

Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 3 years, after which FCF is expected to grow at a constant 7% rate. Dozier’s weighted average cost of capital is WACC = 12%.(10’)     Year     1 2 3 Free cash flow (millions of dollars) −$20 $30 $40 a. What is Dozier’s horizon value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) b. What is the current value of operations for Dozier? c. Suppose Dozier has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the intrinsic price per share?

Interpret the following 7 bit binary sequence  1100111  as specified below: base 10 value for unsigned integer [unsigned] base 10 value for sign magnitude integer [signmag] base 10 value for  fixed-point real number with 2 digits to the right of the binary point. [fixpnt] character value for ASCII [ascii] Partial ASCII Table: 20 sp 30 0 40 @ 50 P 60 ` 70 p 21 ! 31 1 41 A 51 Q 61 a 71 q 22 ” 32 2 42 B 52 R 62 b 72 r 23 # 33 3 43 C 53 S 63 c 73 s 24 $ 34 4 44 D 54 T 64 d 74 t 25 % 35 5 45 E 55 U 65 e 75 u 26 & 36 6 46 F 56 V 66 f 76 v 27 ‘ 37 7 47 G 57 W 67 g 77 w 28 ( 38 8 48 H 58 X 68 h 78 x 29 ) 39 9 49 I 59 Y 69 i 79 y 2A * 3A : 4A J 5A Z 6A j 7A z 2B + 3B ; 4B K 5B [ 6B k 7B { 2C , 3C < 4C L 5C \ 6C l 7C | 2D - 3D = 4D M 5D ] 6D m 7D } 2E . 3E > 4E N 5E ^ 6E n 7E ~ 2F / 3F ? 4F O 5F _ 6F o 7F del

Which of the following identify higher “more abstract” level(s) of abstraction than the Instruction Set Architecture Layer?

You are given the following three simple Turing Machines that implement the arithmetic operations: – NEGation x MULtiplication + ADDition and their connections are labeled with the letters a through h : Use the options provided below to connect together these simple machines with the input variables X, Y, and Z to form the calculation exactly as shown below (no simplifying the calculation): -(X * Y) + Z

Interpret the following 7 bit binary sequence  1101110  as specified below: base 10 value for unsigned integer [unsigned] base 10 value for sign magnitude integer [signmag] base 10 value for  fixed-point real number with 2 digits to the right of the binary point. [fixpnt] character value for ASCII [ascii] Partial ASCII Table: 20 sp 30 0 40 @ 50 P 60 ` 70 p 21 ! 31 1 41 A 51 Q 61 a 71 q 22 ” 32 2 42 B 52 R 62 b 72 r 23 # 33 3 43 C 53 S 63 c 73 s 24 $ 34 4 44 D 54 T 64 d 74 t 25 % 35 5 45 E 55 U 65 e 75 u 26 & 36 6 46 F 56 V 66 f 76 v 27 ‘ 37 7 47 G 57 W 67 g 77 w 28 ( 38 8 48 H 58 X 68 h 78 x 29 ) 39 9 49 I 59 Y 69 i 79 y 2A * 3A : 4A J 5A Z 6A j 7A z 2B + 3B ; 4B K 5B [ 6B k 7B { 2C , 3C < 4C L 5C \ 6C l 7C | 2D - 3D = 4D M 5D ] 6D m 7D } 2E . 3E > 4E N 5E ^ 6E n 7E ~ 2F / 3F ? 4F O 5F _ 6F o 7F del

Which of the following identify higher “more abstract” level(s) of abstraction than the Algorithms Layer?

Let X = 101010, Y = 110011 and Z = 000111.What is the result of: Y OR (X AND Z)Provide your answer as a 6 bit binary value like X, Y, and Z above.