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Principal is acquiring Secondary Companies for $38,000 in cash. Principal has 4,500 shares of stock outstanding at a market price of $31 per share. Secondary has 1,600 shares of stock outstanding at a market price of $22 per share. Neither firm has any debt. The net present value of the acquisition is $2,400. What is the price per share of Principal after the acquisition?

Kline Construction is an all-equity firm that has projected perpetual EBIT of $316,000. The current cost of equity is 12.2 percent and the tax rate is 39 percent. The company is in the process of issuing $932,000 worth of perpetual bonds with an annual coupon rate of 6.4 percent at par. What is the value of the levered firm?

Find the probability.A lottery game has balls numbered 0 through 9. If a ball is selected at random, what is the probability of selecting an even numbered ball or a 7?

Find the mean for the given frequency distribution:

Find the percent of the total area under the curve between z = -2.49 and z = 1.19.

a. What is the probability of spinning an A on this spinner?b. What are the odds against spinning a D on this spinner?

If a single card is drawn from a standard 52-card deck, in how many ways could it be:a. an ace or a spadeb. a nonface card

Solve the problem.Given a group of students: G = {Allen, Brenda, Chad, Dorothy, Eric, Frances, Gale}, count the number of different ways of choosing 4 people for a committee. Assume no one can hold more than one position and that each person is to hold a different position on the committee.

Two marbles are drawn from a box with 3 white, 2 green, 2 red, and 1 blue marble. Find the probability that both marbles are green.a. with replacementb. without replacement

In an Access Control Matrix (ACM), the general problem of determining whether a given protection system is “safe” with respect to a generic right r is proven to be undecidable. How is this fundamentally proven?