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J.F. Weston १ E.F. Brigham- ,"
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:২।।
A trader buys goods amounting Tk. 50,000 on
credit; the terms of credit are ,

Required:
(a) The cost of trade credit.
(b) The amount payable on the 10th day.
(C) The amount payable on the 30th day.
:৩।।
Finance (1st Year) 2018 Calculate the EIR from the
following situation's :
(a) Credit purchase Tk. 1,00,000, terms 2/12, Net 30
EOM.
(b) Credit purchase February 15, 2017 Tk. 50,000,
terms 2/10, Net EOM.
:৪।।
A firm sells goods for Tk. 10,00,000 on account in
term 100 that matures at par in 15 years. The
debenture is callable in five years at Tk. 114. It
currently sells for Tk. 105 Calculate the bond's yield
to maturity and yield to call.
:৫।।
Navana Company Ltd. has just issued Tk. 1,00,000
worth of commercial paper that has a 90 day
maturity period and sells for Tk. 97,000. Determine
the annual interest rate and effective interest rate.
:৬।।
XYZ company needs Tk. 50,00,000 to meet its day
to day capital requirement and considering the
following three alternative sources :
 (i) The company buys a Tk. 70,00,000 of raw
materials under 2/20 net 70 terms. (ii) A bank will
lend Tk. 70,00,000 at 12%, with 15% compensating
balance requirement. Interest to be paid in advance.
(iii) Issue commercial paper of Tk. 70,00,000 for six
month period and net sales value is Tk. 66,50,000.
You are required to choose the cheapest alternative.
Which is that alternative?

:৭।।
R Co. Ltd. needs Tk. 40 lakh as working capital.
Following three alternative modes of financing are
available:
(i) Forgo cash discount and pay on the final due date
(basis 3/15, net 45).
(ii) Borrow Tk. 50 lakh at ! 4% interest maintaining
15% compensating balance, interest payments are
made in advance.
(iii) Issue Tk. 44 lakh of six months commercial
paper to net Tk. 40 lakh. Further assuming that the
firm would prefer the flexibility of bank financing
provided the additional cost of this flexibility was no
more than 2.5% per annum. Which alternative
should the company select and why?

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:৩।।
Mr. Dipu Khorshed wants to borrow Tk. 4,00,000 at
an interest rate of 16% per annum. The loan will be
repaid annually over next 5 years. Show the
repayment schedule of the bank term loan under
Balloon Payment Method.
 ३

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: ৬. Mr. Shakti wishes to borrow Tk. 10,00,000
for three years. His bank is ready to lend him this
amount if he contracts to pay bank Tk. 16,00,000 at
the end of three years. What is the implicit
compound interest rate implied by this contract?
: ৭. At 10% compound interest rate, after how
many years an initial deposit of Tk. 10,000 will
grow to Tk. 18,000?
: ৮. Mr. Afnan borrows Tk. 60,000 at 12%
interest and promises to pay off the loan in 20 annual
instalments beginning at the end of first year.
 : ৯. You have a plan to buy a motorcycle 6 years
from now. The price of the motorcycle will be Tk.
6,00,000. You want to accumulate this money in a
bank account by monthly installment, which gives
you 12% interest. What is your monthly installment?
: ১০. Your father has promised to give you Tk.
1,00,000 in cash on your 25th birth day for a foreign
tour. Today is your 16th birthday. He wants to know
three things:
(a) If he decides to make annual payment into a fund
after one year, how much will each have to be if the
(b) If he decides to invest a lump sum in the account
after one year and let in compund annually, how
much fund pays 8 percent will the lump sum be?
(c) If in (a) the payments are made in the beginning
of the year, how much it will be the value of
annuity?
: ১১. You are considering to purchase an
apartment in Dhaka costing Tk. 80,00,000. You have
three offers :
(a) Pay full in cash
(b) Pay 30% of the cost in cash imidetialy and pay
tk. 9,00,000 each year for the next 10 years.
(c) Pay 50% of the cost in cash and taka a loan of
Tk. 40,00,000 from AB Bank Ltd. at 15% interest to
be repaid in equal monthly installment over the next
10 yeas. Assume the opportunity cost is 12%.
Which offer should you accept?

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: ৩ ।। SB Ltd has a 14% debenture with a face
value of Tk. 100 that matures at par in 15 years. The
debenture is callable in five years at Tk. 114. It
currently sells for Tk. 105. Calculale the bond's yield
to malurity and yield to call.
 : ৪।। ABC companies bond, which is currently
sells for Tk. 1,080 has a 10% coupon interest rate
and Tk. 1,000 par value, pays interest annually and
has 10 years to maturity. Calculate the approximate
yield to maturity (YTM). And also calculate the
YTM for a 10 years zero-coupon bond sold at Tk.
500.
: ৫ ।। A Company's share is currently selling at
Tk. 100 per share, It is expected that a dividend of
Tk. 6 per share and a price of Tk. 104 will be
obtained at the end of one year. Should the share be
purchased?
: ৬ ।। ABC Automobile Limited's most recent
annual dividend was Tk. 18 per share, and the firm's
required rate of return is 12 percent. Find the market
value of the company when :
(a) Dividends are expected to grow at an annual rate
of 0% forever.
(b) Dividends are expected to grow at 10% annually
for first three years and at 6% annually for next 3
years, after which they are expected to grow at 5%
per year to infinity.
: ৭ ।। A pharmaceutical company currently
paying a divided Tk. 2.50. This dividend is expected
to grow at a rate of 10% a year for next five years,
followed by a growth rate of 8% a year for next
three years. After 8 years the dividend is expected to
grow at the rate of 6% forever. The required rate of
return for this stock is 15%, What is the intrinsic
value of the stock?

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: ২ ॥ Calculate the required rate of return for an
asset that has a beta of 1.80, given a risk-free rate of
5% and a market return of 10%
: ৩॥ The following information in related to BK
Ltd. Risk free rate of return (RF) = 12%, Market rate
of return (RM)= 16%. Beta (b) = 1.20. You are
required to determine the rate of return of the
company.
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 : য ३ ५
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: ১।।
Neela Mayenur Ltd. is considering buying a machine
costing Tk. 5,20,000. The expected life of the
machine is 5 years with a scrap value of Tk. 20,000.
It will also require Tk. 50,000 as working capital.
The corporate tax rate is 40%. The expected CFBT
for the next 5 years will be Tk. 1,50,000. Tk.
1,75,000, Tk. 2,00,000, Tk. 2,25,000 and Tk.
2,50,000 respectively. Calculate net cash benefit.
: ২।। Initial investment of a project is Tk. 5,
00,000. The expected annual equal cash inflows over
the next 5 years life are Tk. 1, 50,000. Corporate tax
rate is 40%. Calculate PBP and NPV assuming the
discounting factor is 12%.
 : ৩।।
Initial investment of a project is Tk. 1,20,000, life of
the project is 5 years. Cash inflows in 1st year, 2nd
year, 3rd Requ year, 4th year and 5th year are Tk.
50,000; 48,000, 30,000; 42,000 and 20,000
respectively. Cost of capital is 15%.

(a) Calculate Internal Rate of Return (IRR).

(b) Should the project be accepted?

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য ।३
য ।
১০. : ঠ
१ য ,३
য ।য ও ५ ।
 ও য ঠ
।
১১. : ४ য
ঠ ঠ য
।
১২. : ও
३ য १ য । ५ ও
ঠ ।
১৩. EBIT-EPS : ঠ
४ (EBIT) ও ४ (EPS)
। ५ (EBIT EPS) য ঠ
EPS ও য ५ ঠ
।
১৪. : য
।
য ।३ ,
१ ।
ঠ ४ ३
४ । ঠ
।
 :২।। Currently Sonali Ltd. has a total capital of
Tk. 40 lakh consisting of 40 percent debt capital at
10 percent interest and 60 percent share capital of
Tk. 100 per share. Now the company is planning to
expand capital by 50 percent. The company has four
alternative plans :
(i) 50 percent by 12% debt capital and 50 percent by
common stock share capital;
(ii) Fully by 11% preferred sock capital;
(iii) Fully by common stock capital;
(iv) Fully by 12% debt capital.
The expected rate of return (EBIT) on total assets is
25% and tax rate is 40%. Requirements:
(a) Find out the EPS under each of the alternative
method of financing.
(b)Which alternative should be selected by
company? Why?