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FIN - Clinton Industries had $120,000 in taxable income in 2007




Question;1. Clinton Industries had $120,000 in taxable income in 2007. What is the company?s total tax liability for the year?2. A government bond can be converted to $25,000 at maturity 10 years from now. What is the value of this bond if the discount rate in the bond market is 9%?3. Using the Capital Assets Pricing Model(CAPM) and the following data, determine the value of a share of Public Utility Company:The latest annual dividend paid by Public Utility Co. is $1.50Growth is constant at an annual rate of 4%The beta of Public Utility Co. is 1.20The rate of return on a market portfolio is 14%The rate of return on U.S. treasury bill is 9%


Paper#48892 | Written in 18-Jul-2015

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