Convert an interest rate of \( 10 \% \) p.a. compounded quarterly to an annual effective interest rate.

QUESTION 2 2.1 \( \begin{array}{l}\text { Boitumelo invests an amount of R28 } 000 \text { for a period of } 7 \text { years. For the first two } \\ \text { years the interest was } 12 \% \text { p.a. compounded semi-annually. The interest was then } \\ \text { changed to } 10 \% \text { p.a. compounded quarterly. } \\ \text { Determine the value of the investment after the } 7 \text {-year period. }\end{array} \) \( 2.2 \quad \begin{array}{l}\text { Convert an interest rate of } 10 \% \text { p.a. compounded quarterly to an annual effective } \\ \text { interest rate. }\end{array} \) A (3)

(Working with the income statement) if the Marifield Steel Fabrication Company eamed \( \$ 452,000 \) in net income and paid a cash dividend of \( \$ 329,000 \) to its stockholders, what are the firm's earnings per share if the firm has 91,000 shares of stock outstanding? The company's earnings per share are \( \$ \square \). (Round to the nearest cent.)

Assignment Question 18, P4-21 (similar to) HW Score: \( 68.33 \%, 13.67 \) of 20 points Part 2 of 3 Points: 0 of 1 Save (Analyzing market value) The balance sheet for Leo's Discount Tire Company shows a book value of stockholders' equity (book value per share \( \times \) total shares outstanding) of \( \$ 23,308,000 \). Furthermore, the firm's income statement for the year just ended has a net income of \( \$ 540,000 \), which is \( \$ 0267 \) per share of common stock outstanding. The price-earnings ratio for firms similar to Leo's Discount Tire Company is 1832 a. What price would you expect Leo's Discount Tire Company shares to sell for? b. What is the book value per share for Leo's shares? c. What does the market price and book value per share indicate about the firm? a. What price would you expect Leo's Discount Tire Company shares to sell for? The market price per share is \( \$ 4.89 \) (Round to the nearest cent.) b. What is the book value per share for Leo's shares? The book value per share is \( \$ \) \( \square \) (Round to the nearest cent.)

Pat 1 of 3 Points: 0 of 1 Save (Analyzing market value) The balance sheet for Leo's Discount Tire Company shows a book value of stockholders' equity (book valve per share \( \times \) lotal shares outstanding) of \( \$ 23,300,000 \) Furthermore, the firm's income statement for the year just ended has a net income of \( \$ 540,000 \), which is \( \$ 0.267 \) per share of common stock outstanding. The price earnings rato for firms similar to Leo's Discount Tire Company is 18.32 . a. What price would you expect Leo's Discount Tire Company shares to sell for? b. What is the book value per share for Leo's shares? c. What does the market price and book value per share indicate about the firm? a. What price would you expect Leo's Discount Tire Company shares to sell for? The market price ner share is e? \( \square \) (Dound th the nearest cent)

Question 3 (sponss) Find the amount for interest, the amount for principal, and the new principal. Mortgage Amount: \( \$ 92,500 \) Interest Rate: \( 9.5 \% \) 1st Monthly Payment: \( \$ 863.03 \) Blank 1: Amount for Interest = Blank 2: Amount for Principal = Blank 3: New Principal =