On December 18, 2020, the Horton's won $300,000 in the lottery and decided to divide it evenly amongst all family members. They are very excited and want to use the money wisely. Each has agreed to open a Tax-Free Savings Accounts (TFSAs) and to maximize their contributions. To date, no family member has made any TFSA contributions except for Stan who contributed $60,000 over the years, he has never made any withdrawals. They have asked you to help them determine the maximum amount permitted under the TFSA rules and each will then contribute from their lottery winnings. (Hint: consider carryforward balances and contributions in 2020). Stan (father) turned 55 on June 20, 2020 Sandra (mother) turns 48 on March 2, 2020 Anna (Stan's mother who lives with them) turns 71 on December 1, 2020 Jonny (son) turned 23 on March 2, 2020 Twins (born minutes apart): Allen (son) turned 18 on December 31, 2019, and Alley (daughter) turned 18 on January 1, 2020 Eve (daughter) turns 17 on September 4, 2020 a) $205,000 b) $265,000 c) $211,000 d) $204,500 e) $261,500

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.