The holder of a put option has ________
A) the obligation to sell a security for a given price
B) the right to buy a security for a given price
C) the right to sell a security for a given price
D) the obligation to buy a security for a given price
Answer: C
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Which of the following statements is CORRECT?
A. We should use historical measures of the component costs from prior financings that are still outstanding when estimating a company's WACC for capital budgeting purposes. B. The cost of new equity (re) could possibly be lower than the cost of reinvested earnings (rs) if the market risk premium, risk-free rate, and the company's beta all decline by a sufficiently large amount. C. A company must try to adjust its current actual market value weights toward its target weights. D. The component cost of preferred stock is expressed as rp(1 ? T), because preferred stock dividends are treated as fixed charges, similar to the treatment of interest on debt. E. In the WACC calculation, we must adjust the cost of preferred stock (the market yield) to reflect the fact that 50% of the dividends received by corporate investors are excluded from their taxable income.
A dashed line in a material flow map would best represent?
a. Movement of a product down an assembly line b. A product waiting to be worked on at a machine c. Passing of quality control information to a decision-maker d. A product exiting a process
The European Union citizenship was created by:
a. the Treaty of Rome. b. the Single European Act. c. the Maastricht Treaty. d. the Treaty of Amsterdam.
Thyne Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 6.9grams$9.20per gramDirect labor 0.90hours$21.20per hourVariable manufacturing overhead 0.90hours$3.60per hour?The standard hours allowed for the actual output is closest to:
A. 3,092 hours B. 3,510 hours C. 3,330 hours D. 3,780 hours