Compare and contrast Erikson’s generativity versus stagnation stage with his ego integrity versus despair stage for middle and late adulthood. What occurrences can affect positive or negative outcomes?

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Compare and contrast Erikson’s generativity versus stagnation stage with his ego integrity versus despair stage for middle and late adulthood. What occurrences can affect positive or negative outcomes?

ASSIGNMENT 08

S04 Human Growth and Development II

Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling, and grammar. Sources must be cited in APA format. Your response should be four (4) double‐spaced pages; refer to the “Format Requirementsʺ page located at the beginning of this learning guide for specific format requirements.

Respond to the items below.

Part A

Compare and contrast Erikson’s generativity versus stagnation stage with his ego integrity versus despair stage for middle and late adulthood. What occurrences can affect positive or negative outcomes? Please use information in your text to support your assertions and provide relevant and meaningful examples.

Part B

Please describe the physical and cognitive changes that occur in late adulthood. Consider how some of these changes may lead to decline and eventual death. Please provide how the processes of death and dying can have different outcomes or scenarios depending on choosing different paths using supportive evidence from your text.

In an essay, describe the various mechanisms utilized within the field of microscopy for studying microbes.

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In an essay, describe the various mechanisms utilized within the field of microscopy for studying microbes.

Unit outcomes addressed in this Assignment:

· List important discoveries in microbiology and their importance

· Discuss the classification schema

· Select appropriate microscopic method to study different types of microorganisms

Instructions

· In an essay, describe the various mechanisms utilized within the field of microscopy for studying microbes.

· Be sure to include the appropriate staining techniques.

Requirements

· Your essay should be a minimum of 500 words

· Be sure that your grammar, sentence structure, and word usage is appropriate.

· APA FORMAT

Guidelines

· Identifies light and electron as two main branches of Microscopes

· Identifies functional differences between the two main branches of microscopes

· Identifies the differences in staining techniques

· Provides specific microbial staining examples

· Identifies how microscopy is utilized in identifying unknown

microbial specimen.

I HAVE ATTATCHED READING MATERIAL!!!!!!!

Bond XYZ and bond ABC both pay annual coupons, mature in seven years, have a face value of $1,000, and have the same yield-to-maturity. Bond XYZ has a coupon rate of 8.5 percent and is priced at $1,035.09. Bond ABC has a coupon rate of 6.4 percent. What is the price of bond ABC?

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Bond XYZ and bond ABC both pay annual coupons, mature in seven years, have a face value of $1,000, and have the same yield-to-maturity. Bond XYZ has a coupon rate of 8.5 percent and is priced at $1,035.09. Bond ABC has a coupon rate of 6.4 percent. What is the price of bond ABC?

XYZ

ABC

Coupons

85

64

Period

7

7

FV

1000

1000

YTM

Price

1035.09

Six years ago, Allen Corporation issued bonds that pay annual coupons, have a face value of $1,000, have an annual coupon rate of 8.6 percent, and are scheduled to mature in four years. One year ago, you bought one of those bonds for $998. The bond just paid a coupon. If the percentage return on your bond was 4.6 percent over the past year, what is the price of the bond today?

Today, a bond has a coupon rate of 10.8 percent, par value of $1000, 13 years until maturity, YTM of 9.6 percent, and semiannual coupons with the next one due in six months. One year ago, the price of the bond was $1,075. What is the current yield of the bond today?

Microhard has issued a bond with the following characteristics:

Par: $1,000

Time to maturity: 15 years

Coupon rate: 11 percent

Semiannual payments

Calculate the price of this bond if the YTM is (Do not round intermediate calculations and round your final answersto 2 decimal places. (e.g., 32.16)):

Price of the Bond

a.

11 percent

$

b.

13 percent

$

c.

9 percent

$

Stone Sour Corp issued 20 year bonds 2 years ago at a 7.1% coupon rate. The bonds make semi-annual payments

If these bonds sell for 105% par value, what is the YTM? Work must be shown as a formula.

Settlement Date

1/1/2000

Maturity Date

1/1/2018

Annual Coupon Rate

7.10%

Coupons/year

2

Face value (%of Par)

100

Bond Price (% of Par)

105

Rhiannon Corp. has bonds on the market with 15.5 years to maturity.

The YTM is 6.2%, current price is $1039.00. The bonds make semi annual payments.

What is the coupon rate?

A Japanese company has a bond outstanding that sells for 96% of it’s 100,000 yen par value.

The bond has a coupon rate of 6.3% paid annually and matures in 19 years/

What is the YTM of this bond?

An investment offers a 12% total return over the coming year. An investor thinks

the total real return will only be 8%. What does the investor think the inflation rate will be

over the next year?

EMC Company is expected to pay a dividend in year 1 of $1.65, a dividend in year 2 of $1.97, and a dividend in year 3 of $2.54. After year 3, dividends are expected to grow at the rate of 8% per year. An appropriate required return for the stock is 11%. The stock should be worth _______ today.

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EMC Company is expected to pay a dividend in year 1 of $1.65, a dividend in year 2 of $1.97, and a dividend in year 3 of $2.54. After year 3, dividends are expected to grow at the rate of 8% per year. An appropriate required return for the stock is 11%. The stock should be worth _______ today.

12. The growth in dividends of Calpine, Inc. is expected to be 8% per year for the next two years, followed by a growth rate of 4% per year for three years; after this five-­‐year period, the growth in dividends is expected to be 3% per year, indefinitely. The required rate of return on Calpine, Inc. is 11%. Last year’s dividends per share were $2.75. What should the stock sell for today?

13. Stingy Corporation is expected have EBIT of $1.2M this year. Stingy Corporation is in

the 30% tax bracket, will report $133,000 in depreciation, will make $76,000 in capital expenditures, and will have a $24,000 increase in net working capital this year. What is Stingy’s FCFF?

USE THE FOLLOWING INFORMATION FOR THE NEXT TWO PROBLEMS A large grocery chain is reevaluating its bonds since it is planning to issue a new bond in the current market. The firm’s outstanding bond issue has 6 years remaining until maturity. The bonds were issued with a 6 percent coupon rate (paid semiannually) and a par value of $1,000. Because of increased risk the required rate has risen to 10 percent. 14. What is the current value of these securities? 15. What will be the value of these securities in one year if the required return declines to 8 percent?

16. In 2008, Talbot Inc. issued a $110 par value preferred stock that pays a 9 percent annual dividend. Due to changes in the overall economy and in the company’s financial condition investors are now requiring a 16 percent return. What price would you be willing to pay for a share of the preferred if you receive your first dividend one year from now? USE THE FOLLOWING INFORMATION FOR THE NEXT TWO PROBLEMS Five years ago your firm issued $1,000 par, 20-­‐year bonds with a 6% coupon rate and an 8% call premium. The price of these bonds now is $1103.80. Assume annual compounding. 17. Calculate the yield to maturity of these bonds today. 18. If these bonds are now called, what is the actual yield to call for the investors who originally purchased them? USE THE FOLLOWING INFORMATION FOR THE NEXT TWO PROBLEMS You purchase an 8% coupon, 25-­‐year, $1,000 par, semiannual payment bond priced at $980 when it has 15 years remaining until maturity. 19. What is its yield to maturity? 20. What is the yield to call if the bond is called 5 years from today with a 5% premium?

1. Low Tech Company has an expected ROE of 10%. The dividend growth rate will be ________ if the firm follows a policy of paying 40% of earnings in the form of dividends.

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1. Low Tech Company has an expected ROE of 10%. The dividend growth rate will be

________ if the firm follows a policy of paying 40% of earnings in the form of dividends.

2. A preferred stock will pay a dividend of $2.75 in the upcoming year and every year

thereafter; i.e., dividends are not expected to grow. You require a return of 10% on this stock. Use the constant growth DDM to calculate the intrinsic value of this preferred stock.

3. You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $1.25 in dividends and $32 from the sale of the stock at the end of the year. The maximum price you would pay for the stock today is _____ if you wanted to earn a 10% return.

4. Paper Express Company has a balance sheet which lists $85 million in assets, $40

million in liabilities, and $45 million in common shareholders’ equity. It has 1,400,000 common shares outstanding. The replacement cost of the assets is $115 million. The market share price is $90. What is Paper Express’s book value per share?

5. Sure Tool Company is expected to pay a dividend of $2 in the upcoming year. The risk-­‐

free rate of return is 4% and the expected return on the market portfolio is 14%. Analysts expect the price of Sure Tool Company shares to be $22 a year from now. The beta of Sure Tool Company’s stock is 1.25. The market’s required rate of return on Sure’s stock is What is the intrinsic value of Sure’s common shares today?

If Sure’s intrinsic value is $21.00 today, what must be its growth rate?

6. High Tech Chip Company paid a dividend last year of $2.50. The expected ROE for next

year is 12.5%. An appropriate required return on the stock is 11%. If the firm has a plowback ratio of 60%, the dividend in the coming year should be

7. An analyst has determined that the intrinsic value of HPQ stock is $20 per share using

the capitalized earnings model. If the typical P/E ratio in the computer industry is 25, then it would be reasonable to assume the expected EPS of HPQ in the coming year is

8. Old Quartz Gold Mining Company is expected to pay a dividend of $8 in the coming

year. Dividends are expected to decline at the rate of 2% per year. The risk-­‐free rate of return is 6% and the expected return on the market portfolio is 14%. The stock of Old Quartz Gold Mining Company has a beta of -­‐0.25. The intrinsic value of the stock is

9. Low Tech Chip Company is expected to have EPS of $2.50 in the coming year. The

expected ROE is 14%. An appropriate required return on the stock is 11%. If the firm has a dividend payout ratio of 40%, the intrinsic value of the stock should be

10. Risk Metrics Company is expected to pay a dividend of $3.50 in the coming year.

Dividends are expected to grow at a rate of 10% per year. The risk-­‐free rate of return is 5% and the expected return on the market portfolio is 13%. The stock is trading in the market today at a price of $90.00. What is the expected rate of return on equity for Risk Metrics?

What is the approximate beta of Risk Metrics’ stock?

Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $23 million and is expected to generate cash flows of $14,000,000, $11,750,000, and $6,350,000 over the next three years. The company’s cost of capital is 20 percent. What is the internal rate of return on this project?

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Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $23 million and is expected to generate cash flows of $14,000,000, $11,750,000, and $6,350,000 over the next three years. The company’s cost of capital is 20 percent. What is the internal rate of return on this project? (Round to the nearest percent.)

Question options:

20%

24%

22%

28%

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Initial investment = $23,000,000
Length of project =n= 3 years
Required rate of return =k= 20%
To determine the IRR, the trial-and-error approach can be used. Set NPV = 0.
Try IRR = 21.6%.

Question 2

0 / 1 point

Muncy, Inc., is looking to add a new machine at a cost of $4,133,250. The company expects this equipment will lead to cash flows of $817,822, $863,275, $937,250, $1,019,610, $1,212,960, and $1,225,000 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment?

Answer:

437,461

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Cost of new machine = $4,133,250

Length of project =n= 6 years

Required rate of return =k= 15%

-Cost+(CF/(1.15)^1)+(CF/)(1.15)^2)+(CF/(1.15)^3)+(CF/(1.15)^4)+(CF/(1.15)^5)+CF/(1.15)^6)

Question 3

0 / 1 point

Given the following cash flows for a capital project, calculate the IRR using a financial calculator

Year

0

1

2

3

4

5

Cash Flows

($50,467)

$12,746

$14,426

$21,548

$8,580

$4,959

Question options:

8.41%

8.05%

8.79%

7.9%

Question 5

0 / 1 point

Cortez Art Gallery is adding to its existing buildings at a cost of $2 million. The gallery expects to bring in additional cash flows of $520,000, $700,000, and $1,000,000 over the next three years. Given a required rate of return of 10 percent, what is the NPV of this project?

Question options:

-$197,446

$1,802,554

$197,446

-$1,802,554

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Initial investment = $2,000,000
Length of project =n= 3 years
Required rate of return =k= 10%
Net present value = NPV

Question 7

0 / 1 point

McKenna Sports Authority is getting ready to produce a new line of gold clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000, $832,500, and $1,215,000 over the next three years. What is the payback period for this project?

Answer:

3

Question 8

Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this project. Cost and cash flows are shown in the table. What is the NPV of the project?

Year Project

0 ($11,368,000)

1 $ 2,202,590

2 $ 3,787,552

3 $3,325,650

4 $ 4,115,899

5 $ 4,556,424

Answer:

445,100

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(-CF Year O)+(CF Year 1/(1+Rate)^1)+(CF Year 2/(1+Rate)^2)+(CF Year 3/(1+Rate)^3)+(CF Year 4/(1+Rate)^4)+CF Year 5/(1+Rate)^5)