EBK PERSONAL FINANCE
8th Edition
ISBN: 8220106777794
Author: KEOWN
Publisher: PEARSON
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Chapter 12, Problem 10PA
Summary Introduction
To determine:
Value of investment when investment is made on lump-sum basis on the first day of the year.
Introduction:
Dollar cost averaging is an investment technique for the purchase of a specific share at fixed interval of time in pre-defined dollar amount.
Lump-sum investing is the investment of all the corpus amount of money for the purchase of shares at one go.
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Problem about fina
You are thinking of investing in Tikki's
Torches, Inc. You have only the following
information on the firm at year-end 2008:
Net income $520,000
Total debt $12.2 million
Debt ratio
42%
What is Tikki's ROE for 2008?
a. 1.79%
b. 10.14%
c. 3.09%
d. 4.26%
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