Myopia Camera Stores has a cost of equity of 18% and the market return is 12%. What is the firm's beta if the risk-free rate is 6%?
A) 2.0
B) 1.0
C) 0.8
D) 2.3
E) 1.3
A
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To help prevent incoming cash receipts from being fraudulently misappropriated, an organization should ______________________________
Fill in the blank(s) with correct word
To be successful, plaintiffs in civil cases must prove their case by which of the following?
a. Preponderance of evidence. b. Beyond a reasonable doubt. c. To a degree of reasonable mitigation. d. To the standard of prima facie.
In the value chain, which of the following is an example of a primary activity?
A. support employees B. manage company resources C. procurement D. human resources E. service customers
Mr. Wizard's Magic Shoppe had the following condensed balance sheet at the end of operation for 2010:
Mr. Wizard's Magic Shoppe Balance Sheet December 31, 2010 Cash $40,000 Current Liabilities $35,000 Other current assets 60,000 Long-term Notes Payable 40,000 Total current assets $100,000 Bonds Payable 50,000 Investments $25,000 Capital Stock 150,000 Fixed assets (net) 110,000 Retained earnings 80,000 Land $120,000 Total assets $355,000 Total Liabilities and Equity $355,000 During 2011, the following occurred a. Mr. Wizard's sold some of its investments for $13,000 which resulted in a gain of $300 after taxes. The gain (net of taxes) has been included in the company's 2011 net income. b. Additional land for a plant expansion was purchased for $25,000. c. Bonds payable were paid in the amount of $10,000. d. An additional $35,000 in capital stock was issued. e. Dividends of $15,000 were paid to stockholders. f. Net income for 2011 was $48,000 after allowing for $15,000 in depreciation. g. A second parcel of land was purchased through the issuance of $10,000 in bonds, and $5,000 in long-term notes payable. Required: a. Prepare a statement of cash flows for the year ended 12/31/2011. (check figure: ending cash balance = $72,500) b. Prepare a condensed balance sheet for Mr. Wizard's at December 31, 2011.