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Answer:
Expected market return = 9.8%
Explanation:
The expected return on the market can be worked out using the Capital Asset Pricing Model.
<em>The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta.
</em>
Under CAPM, Ke= Rf + β(Rm-Rf)
Rf-risk-free rate (treasury bill rate)- 4.4%
β= Beta - 1.20
Rm= Return on market.- ?
Applying this model, we have
11%= 4.4%+ (R-4.4%)×1.20
0.11-0.044= 1.20×(R-0.04)
0.07
= 1.20R-0.048
Collect like terms
0.07+0.048 = 1.2R
Divide both sides by 1.20
R= (0.07+0.048)/1.20
R=9.83%
Expected market return = 9.8%
Answer:
equitable relief
Explanation:
A court refers to an enclosed space such as a hall or chamber where legal practitioners (judges, lawyers or attorneys and a jury) converge to hold judicial proceedings.
A lawyer refers to an individual who has obtained a law degree and is saddled with the responsibility of giving legal advice, initiate and execute lawsuits for his or her clients. These legal practitioners are saddled with the legal responsibility of listening to evidence and give a verdict about legal cases.
An equitable relief also referred to as equitable remedy can be defined as judicial remedies granted to an aggrieved person by a court of equity, requiring that the other party act or refrain from indulging in a specific act because ordinary legal remedies couldn't provide the aggrieved party sufficient (adequate) restitution for an offense commited against him or her. Thus, an equitable relief (remedy) is an injunction granted by a court of equity requiring a party to a contract to either act (mandamus or specific performance) or refrain from indulging in a particular act.
In this context, when a court of competent jurisdiction awards or grants custody of a child to one parent rather than awarding it to the other, this is an example of equitable relief.
In conclusion, an equitable relief or remedy is typically a nonmonetary judgement granted by a court of equity when ordinary legal remedies fail to provide sufficient (adequate) restitution to an aggrieved party.
<h3>
Answer:</h3><h3>Tranche A interest $50m*9%*3/12 $1,125,000 </h3><h3>Tranche B interest $100m*10%*3/12 $2,500,000 </h3><h3>Tranche C interest $50m*11%*3/12 $1,375,000</h3><h3>Principal balances:</h3><h3>Tranche A $47 million</h3><h3>Tranche B $100 million</h3><h3>Tranche C $50 million</h3><h3 /><h3 /><h3>Explanation:</h3><h3>The approach in debts securitization is that the most senior tranche,tranche A in this question receives any payment received in excess of periodic payment of interest.</h3><h3>On that basis,the quarterly payments can be shared between the three tranches as follows:</h3><h3>Total quarterly payment received $8000,000</h3><h3>Tranche A interest $50m*9%*3/12 ($1,125,000) </h3><h3>Tranche B interest $100m*10%*3/12 ($2,500,000) </h3><h3>Tranche C interest $50m*11%*3/12 ($1,375,000) </h3><h3>Balance left $3,000,000</h3><h3>As earlier reiterated, the balance of $3 million would be used to redeem part of tranche A,hence in tranche A is $47 million($50m-$3m):</h3><h3>Principal balances:</h3><h3>Tranche A $47 million</h3><h3>Tranche B $100 million</h3><h3>Tranche C $50 million</h3>
Answer:
B
Explanation:
Opportunity cost is the valje of the next best alternative forgone when a choice is made.
