A covenant that violates public policy, such as one that restricts the sale of property to minorities, is not enforceable
a. True
b. False
Indicate whether the statement is true or false
True
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When a household borrows to buy a home, the resulting security is referred to as
A. a discount bond. B. a Treasury bill. C. mortgage debt. D. consumer credit.
Convenience sampling is the least expensive and least time consuming of all sampling techniques
Indicate whether the statement is true or false
A comprehensive public relations plan clearly states tactics against which objectives can be measured and evaluated
Indicate whether the statement is true or false
McGaha Enterprises expects earnings and dividends to grow at a rate of 25% for the next 4 years, after the growth rate in earnings and dividends will fall to zero, i.e., g = 0. The company's last dividend, D0, was $1.25, its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock?
A. $26.77 B. $27.89 C. $29.05 D. $30.21 E. $31.42