1. Using the Web, search for “software firewalls.” Examine the various alternatives available and compare their funchtionality, cost, features, and type of protection. Create a weighted ranking acording to your own evaluation of the features and speciifications of each software package.

 

2. Using a Microsoft Windows XP, Vista, or 7, open Internet Explorer. Click Internet Options on the Tools menu. Examine the contents of the Security and Privacy tabs. How can these tabs be configured to provide: (a) content filtering and (b) protection from unwanted items like cookies?

“Business and Cyberethics” Please respond to the following:

A possible view is that business and ethics simply have nothing to do with each other, and that the term “business ethics” is an oxymoron. Immoral behavior of individual market participants, such as high-profile managers or corporations (e.g., Enron, WorldCom, etc.), sometimes appear to support this view. Explain whether or not you agree and support your rationale.
Consider that computers are becoming ubiquitous and have “ pervaded” our work and recreational environments. Objects in these environments already exhibit (or will very soon do so) what Brey (2005) and others call “ambient intelligence,” which enables “smart objects” to be connected to one another via wireless technology. Some consider Radio Frequency Identification (RFID) technology to be the first step in what they refer to as pervasive or ubiquitous computing. Elaborate on the possible implications of this trend for cyberethics.

 

(There is no limit on words and does not need to be in Apa format…)

Question 1

 

Your finance text book sold 56,500 copies in its first year. The publishing company expects the sales to grow at a rate of 21.0 percent for the next three years, and by 8.0 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in year 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest whole number.)

Number of copies sold after 3 years  

 

Number of copies sold in the fourth year  

 

 

Question 2

 

Find the present value of $3,300 under each of the following rates and periods.

(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

a. 8.9 percent compounded monthly for five years.

Present value$  

 

 

b. 6.6 percent compounded quarterly for eight years.

Present value$  

 

 

c. 4.3 percent compounded daily for four years.

Present value$  

 

 

d. 5.7 percent compounded continuously for three years.

Present value$  

 

 

Question 3

 

Trigen Corp. management will invest cash flows of $1,073,098, $1,301,595, $707,335, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 8.43 percent, what is the future value of these investment cash flows six years from today? (Round answer to 2 decimal places, e.g. 15.25.)

Future value$  

 

 

 

 

Question 4

 

You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company wants to incorporate your software into their systems and is offering to pay you $539,000 today, plus $539,000 at the end of each of the following six years for permission to do this. If the appropriate interest rate is 7 percent, what is the present value of the cash flow stream that the company is offering you? (Round answer to the nearest whole dollar, e.g. 5,275.)

 

Question 5

 

Barbara is considering investing in a stock and is aware that the return on that investment is particularly sensitive to how the economy is performing. Her analysis suggests that four states of the economy can affect the return on the investment. Using the table of returns and probabilities below, find

 ProbabilityReturn

________________________________________

Boom0.525.00%

Good0.315.00%

Level0.110.00%

Slump0.1-5.00%

________________________________________

 

 

 

 

 What is the expected return on Barbara’s investment? (Round answer to 3 decimal places, e.g. 0.076.)

Expected return  

 

 

 

 

Question 6

 

Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $940.83. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,033.06, what is the yield that Trevor would earn by selling the bonds today? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

Effective annual yield  

%

 

Question 7

 

The First Bank of Ellicott City has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 13.0 percent? (Round answer to 2 decimal places, e.g. 15.25.)

Current price$  

 

 

2. Explain several dimensions of the shareholder-principal conflict with manageragents

known as the principal-agent problem. To mitigate agency problems between

senior executives and shareholders, should the compensation committee of

the board devote more to executive salary and bonus (cash compensation) or

more to long-term incentives? Why? What role does each type of pay play in

motivating managers?

3. Corporate profitability declined by 20 percent from 2008 to 2009. What performance

percentage would you use to trigger executive bonuses for that year?

Why? What issues would arise with hiring and retaining the best managers?

 

6. In the context of the shareholder wealth-maximization model of a firm, what

is the expected impact of each of the following events on the value of the firm?

Explain why.

a. New foreign competitors enter the market.

b. Strict pollution control requirements are enacted.

c. A previously nonunion workforce votes to unionize.

d. The rate of inflation increases substantially.

e. A major technological breakthrough is achieved by the firm, reducing its

costs of production.

 

Exercises 1. For each of the determinants of demand in Equation 2.1, identify an example

illustrating the effect on the demand for hybrid gasoline-electric vehicles such as

the Toyota Prius. Then do the same for each of the determinants of supply in

Equation 2.2. In each instance, would equilibrium market price increase or decrease?

Consider substitutes such as plug-in hybrids, the Nissan Leaf and Chevy

Volt, and complements such as gasoline and lithium ion laptop computer

batteries.

5. Two investments have the following expected returns (net present values) and

standard deviation of returns:

PROJECT EXPECTED RETURNS STANDARD DEVIATION

A $ 50,000 $ 40,000

B $250,000 $125,000

Which one is riskier? Why?

6. The manager of the aerospace division of General Aeronautics has estimated the

price it can charge for providing satellite launch services to commercial firms. Her

most optimistic estimate (a price not expected to be exceeded more than 10 percent

of the time) is $2 million. Her most pessimistic estimate (a lower price than

this one is not expected more than 10 percent of the time) is $1 million. The

expected value estimate is $1.5 million. The price distribution is believed to be

approximately normal.

Chapter 2: Fundamental Economic Concepts 57

a. What is the expected price?

b. What is the standard deviation of the launch price?

c. What is the probability of receiving a price less than $1.2 million?

 

THEMATICALLY , WHAT COMMON POINT DO YOU NOTICE BETWEEN PARAGRAPH 4 & 6