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ACC501 Current Final Term Fall 2013 Shared by M.jee

Q:1 Ahmad has applied for the interest-only loan of Rs.500,000 from a bank at a rate of 14% for 5 years. Calculate the amount that he will pay at the end of year 1, year 3 & year 5.
Q2: Write any three characteristics of dividend growth approach.
Q:3 What is an “optimal capital structure”?
Q:4 What does Optimal Credit Policy state?
Q:5 What is the difference between temporary current assets and permanent current assets?
Q:6 Define the following terms:                            
(i)                  Cash cycle
(ii)                Operating cycle
(iii)               Inventory period
(iv)              Account receivable period
(v)                Account payable period

Q:7  Five years ago, Mr. Safdar purchased a vehicle for Rs. 350,000. Now he wants to sell this vehicle. Based on historical averages, the vehicle is worth 15% of the purchase price and he sells this vehicle at this price whereas depreciation schedule for the vehicle shows a book value of Rs. 30,000. (Tax rate is 35%)
Calculate:
Q8: Malik Corporation issues a bond with 8% coupon rate and 14 years remaining until maturity. The face value of the bond is Rs.10,000. Determine the current value of bond if present market conditions justify a 13% required rate of return.

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