Suppose Simmons' common stock has a beta of 1.37, the risk-free rate is 3.4 percent, and the market risk premium is 8.2 percent. The yield to maturity on the firm's bonds is 7.6 percent and the debt-equity ratio is .45. What is the WACC if the tax rate is 23 percent and all interest is tax deductible?
A) 14.07 percent
B) 10.94 percent
C) 12.60 percent
D) 10.59 percent
E) 11.91 percent
E) 11.91 percent
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Holding a meeting late on Friday afternoon just before closing an office may create _______ that will interfere with your message.
a. a feedback loop b. truancy c. internal noise d. fatigue
Consider Figure 5.4. Suppose the rest of the world supplies calculators to Venezuela at a price of $4 each. With free trade, Venezuelan imports total
a. 8 calculators.
b. 16 calculators.
c. 20 calculators.
d. 24 calculators.
Which of the following statements is true of a qualified indorsement?
A. It does not change the negotiable nature of the instrument. B. It specifies the purpose of the indorsement or specifies the use to be made of the instrument. C. It does not eliminate the contractual liability of the indorser. D. It contains the signature of the indorser along with the words indicating to whom, or to whose order, the instrument is payable.
After filling her car with gas, Shelly got a 5 percent discount for paying in cash.
Indicate whether the statement is true or false.