Investors typically accept a lower risk-adjusted rate of return on debt capital than on equity capital because
a. debt is typically less risky because fixed claims bear less residual risk than equity claims.
b. equity bears less residual risk than debt.
c. equity capital costs are tax deductible.
d. the yield to maturity on equity is inversely related to its market value
A
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Which of the following procedures is not a review procedure for interim financial information?
a. Making inquiries. b. Performing analytical procedures. c. Reading the minutes of the board of directors' meetings d. Obtaining oral assurance from management that there are no subsequent events.
Which of the following would be included as indirect manufacturing costs for a manufacturing company?
A) sales commissions B) fuel and maintenance for delivery vehicles C) wages of the assembly line workers D) wages of the factory manager
Credit can be denied solely on the basis of national origin.
Answer the following statement true (T) or false (F)
Customers are encouraged to feel and/or try on a number of products in a(n) _____ display
a. cut case b. closed assortment c. ensemble d. open assortment