Aharvard prof. gave this problem to 400 harvard employees (many of whom had advanced degrees) and 250 wharton mbas. most got the answer wrong, so let's see how you do. you have $10,000 to invest in your 401-k plan. here are your only choices: morgan stanley s& p 500 index fund vanguard s& p 500 index fund schwab s& p 500 index fund fidelity s& p 500 index fund all four funds have the same one year, three year and five year returns. "life of fund returns" for each fund are as follows: morgan stanley = 12.5% vanguard = 11.9% schwab = 13.2% fidelity = 14.9% annual fees for each fund are as follows: morgan stanley = 36 basis points vanguard = 10 basis points schwab = 25 basis points fidelity = 27 basis points what is the best way to invest the $10,000? equally split among all four funds. 100% in morgan stanley. 100% in vanguard. 100% in schwab. 100% in fidelity.

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld