If two events are mutually exclusive and collectively exhaustive, what is the probability that both occur?
a. 0.00
b. 0.50
c. 1.00
d. This cannot be determined from the information given.
a
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Due process refers to the system of rules and regulations designed to assure justice in the American legal system
a. True b. False
A firm incurs $400 to manufacture a television. In the market, customers are willing to pay a maximum of $600 for the television priced at $500. The difference of $200 ($600 minus $400) is the
A. customer lifetime value. B. total return to shareholders. C. consumer surplus. D. economic value created.
Assume the market value of Fords' equity, preferred stock and debt are $6 billion, $3 billion, and $13 billion, respectively. Ford has a beta of 1.7, the market risk premium is 8%, and the risk-free rate of interest is 3%. Ford's preferred stock pays a dividend of $2.50 each year and trades at a price of $30 per share. Ford's debt trades with a yield to maturity of 9.5%. What is Ford's weighted average cost of capital if its tax rate is 35%?
A) 9.78% B) 10.24% C) 9.31% D) 11.18%
Individuals with better credit ratings usually can secure higher credit limits
Indicate whether the statement is true or false