Hawar international is a shipping firm with a current share price of $ 4.95 and 9.2 million shares outstanding. suppose that hawar announces plans to lower its corporate taxes by borrowing $ 19.3 million and repurchasing shares, that hawar pays a corporate tax rate of 30 %, and that shareholders expect the change in debt to be permanent. a. if the only imperfection is corporate taxes, what will be the share price after this announcement? b. suppose the only imperfections are corporate taxes and financial distress costs. if the share price rises to $ 5.20 after this announcement, what is the pv of financial distress costs hawar will incur as the result of this new debt?

How are credit unions similar to banks

Rate of return, standard deviation, coefficient of variation personal finance problem mike is searching for a stock to include in his current stock portfolio. he is interested in hi-tech inc.; he has been impressed with the company's computer products and believes hi-tech is an innovative market player. however, mike realizes that any time you consider a technology stock, risk is a major concern. the rule he follows is to include only securities with a coefficient of variation of returns below 1.07. mike has obtained the following price information for the period 2015 through 2018:hi-tech stock, being growth-oriented, did not pay any dividends during these 4 years. a. calculate the rate of return for each year, 2015 through 2018, for hi-tech stock. b. assume that each year's return is equally probable and calculate the average return over this time period. c. calculate the standard deviation of returns over the past 4 years. (hint: treat this data as a sample.) d. based on b and c determine the coefficient of variation of returns for the security. e. given the calculation in d what should be mike's decision regarding the inclusion of hi-tech stock in his portfolio?

Nthis economy, community members typically use simple tools to plant and harvest crops. food supplies are supplemented by hunting animals and gathering plant materials. members trade with each other to obtain needed goods, as few people hold currency. little economic growth occurs. what type of economy is being described?