If the firm uses the after-tax cost of new debt as the discount rate when analyzing a refunding decision, and if the NPV of refunding is positive, then the value of the firm will be maximized if it immediately calls the outstanding debt and replaces it with an issue that has a lower coupon rate.
Answer the following statement true (T) or false (F)
False
Rationale: False. If there is a fairly high probability that interest rates are going to decline further, then it might be better to delay the refunding.
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In this stage, employees are typically concerned about how they are seen by existing organizational members and engage in impression management deliberately in an attempt to influence the perceptions and opinions of others ______
A. impression management B. organizational entry and assimilation C. interviewing D. anticipatory socialization
Budgets are prepared in the Accounting Department and monitored by various department managers
Indicate whether the statement is true or false
Deal and Kennedy (1982) identify three roles that story telling play in organizations. Which one of the following is NOT one of the three?
a. Stories allow people to escape the truth of their organizational reality b. Stories help promote cohesiveness through shared meanings and understandings c. Stories locate an organization’s history and its background which helps people understand current situations d. Stores provide a picture of why things are as they are in the organization
A sentence reads "The family that lives in the apartment above ours is friendly." In this sentence, "above ours" is the prepositional phrase
Indicate whether the statement is true or false