Question

你好我有三道题能帮忙解答一下么

Wanda Nahi Ltd. Has debt outstanding with aface value of $3.8 million. The value of the firm if it were entirely financedby equity would be $12.3 million.The company also has 245,000 shares of stockoutstanding that sell at a price of $37 per share.The corporate tax rate is 35percent. What is the decrease is the walue of the company due to expectedbankruptcy costs?

You own 100,000 shares ofstock in Avondale Corporation. You willreceive a 75-cent per share dividend in one year. In two years, Avondale willpay a liquidating dividend of $69 per share. The required teturn on Avondalestock is 15 percent. What is the current share price of your stock(ignoringtaxes)? If you would rather have equal dividends in each of the next two years,show how you can accomplish this bycreating homemade dividends.
(Hint:Dividends will be in the form of anannuity.)

Stock Repurchase Flychucker Corporation is evaluating an extradividend versus a share repurchase. In either case,$9,500 would bespent.Current earnings are $1.30 per share, and the stock currently sells for$41 per share. There are 3,400 shares outstanding. Lgnore taxes and otherimperfections in answering the first two questions.
a. Evaluate the two alternatives in termsof the effect on the price per share of the stock and shareholder wealth.
b. What will be the effect on Flychucker'sEPS and PE ratio under the two different scenarios?
C. In the real world, which of theseactions would you recommend? Why?

Answer 1

公司未偿债务万达NAHI以3800000美元一张价值。企业的价值，如果它是完全financedby股权将为12300000美元。公司还拥有245000股stockoutstanding出售价为每股37美元，公司税税率为35%。减少是由于expectedbankruptcy成本公司的价值？
你有100000股股票在私人公司。你将在一年的75美分每股股利。在两年内，埃文代尔同意清算股利每股69美元。在avondalestock所需的收益是百分之15。你的股票目前的股价是什么（ignoringtaxes）？如果你宁愿在未来两年等于股息，展示你如何完成这一创造自制股利。
（提示：股息将在anannuity形式。）
股票回购flychucker公司评估的是一个extradividend与股票回购。在任何情况下，都会花9500美元。当前的收益是每股1.30美元，而股票目前的售价为41美元，每股。有3400股。忽略税收和otherimperfections在回答前两个问题。
A.评估两个备选方案，从效果上的每股股票，股东财富。
什么是flychucker'seps和两种不同的情况下，市盈率的影响？
在现实世界中的这些行为，你能推荐什么吗？为什么呢？

Answer 2

呵呵，表示看不懂英文。