1. You are given the following quotes: U.S. dollar/Mexican Peso = 0.3025 U.S. dollar/Australian Dollar = 0.7415 U.S dollar/Chinese Yuan = 0.1914 What is the Chinese Yuan/Australian Dollar cross rate?
2. Camper,Inc. is interested in acquiring Baxter Corp. Baxter has 30 million shares outstanding. Its WACC is 11% and the risk free rate is 4%. Baxter has $5 million in debt. Baxter's free cash flow is $20 million annually and is expected to grow at a constant rate of 5% per year. Calculate the intrinsic value of Baxter's stock
3. What is the present value of a $2515 annuity payment over 8 years if interest rates are 5 percent?