In a university, the data of students such as student id, na…

In a university, the data of students such as student id, name, and address are recorded in the STUDENT table and the courses are stored in a COURSE table by the course code, number of credits, and professor teaching. Usually, a student takes up to 5 courses per cycle, and each course has a minimum of 2 students. What kind of relationship exists between the courses and students?

PNB Industries has 20 million shares of common stock outstan…

PNB Industries has 20 million shares of common stock outstanding with a market price of $18.00 per share. The company also has outstanding preferred stock with a market value of $50 million, and 500,000 bonds outstanding, each with face value $1,000 and selling at 97 percent of par value. The cost of equity is 15 percent, the cost of preferred is 12 percent, and the cost of debt is 8.50 percent. If PNB’s tax rate is 40 percent, what is the WACC?

Bond Prices and Interest Rate Changes A 6.75 percent coupon…

Bond Prices and Interest Rate Changes A 6.75 percent coupon bond with 10 years left to maturity is priced to offer a 6.5 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.65 percent. If this occurs, what would be the total return of the bond in percent? (Assume semi-annual interest payments and $1,000 par value.)

Income Statement Barnyard, Inc.’s 2013 income statement list…

Income Statement Barnyard, Inc.’s 2013 income statement lists the following income and expenses: EBIT = $500,000, interest expense = $45,000, and taxes = $152,000. Barnyard’s has no preferred stock outstanding and 200,000 shares of common stock outstanding. What are its 2013 earnings per share?