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Author Archives: Anonymous

The term referring to stories that could really happen to pe…

The term referring to stories that could really happen to people and animals is ______________________________________________________________ fiction. [BLANK-1]

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Realistic fiction novels for children need to be written as

Realistic fiction novels for children need to be written as

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A forerunner to the adjustment stories that address the spec…

A forerunner to the adjustment stories that address the special needs of children, ________ by Frances Hodgson Burnett was published in 1911

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Shi Imports can issue perpetual preferred stock at a price o…

Shi Imports can issue perpetual preferred stock at a price of $85 a share with an annual dividend of $10.20 a share. Ignoring flotation costs, what is the company’s cost of preferred stock, rps? Round your answer to the nearest whole number.

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Suppose the Tysseland Company has this book value balance sh…

Suppose the Tysseland Company has this book value balance sheet:   Current assets   $30,000,000   Current liabilities   $20,000,000         Notes payable   10,000,000 Fixed assets   70,000,000   Long-term debt   30,000,000         Common stock (1 million shares)   1,000,000         Retained earnings   39,000,000 Total assets   $100,000,000   Total liabilities and equity   $100,000,000   Notes payable are to banks, and the interest rate on this debt is 10%, the same as the rate on new bank loans. These bank loans are not used for seasonal financing but instead are part of the company’s permanent capital structure Long-term debt consists of 30,000 bonds, each with a par value of $1,000, an annual coupon interest rate of 9%, and a 25-year maturity. The going rate of interest on new long-term debt, rd, is 10%, and this is the present yield to maturity on the bonds. Common stock sells at a price of $54 per share. Calculate: 1) the market value of long term debt [blank1] 2) the percentage amount that debt represents of the total capital [blank2]  (Hint – to calculate the percentage of long term debt you will also need to find market value for short term debt and common stock as components of total capital (100%)) Do not round intermediate calculations.  Do NOT use $ or % symbols in your answer.  

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Messman Manufacturing will issue common stock to the public…

Messman Manufacturing will issue common stock to the public for $35. The expected dividend and the growth in dividends are $4.00 per share and 3%, respectively. If the flotation cost is 9% of the issue’s gross proceeds, what is the cost of external equity, re? Round your answer to two decimal places. Do NOT use $ sign when expressing your answer.  

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Tucker, a non-merchant seller, shows Jerry a sample of the p…

Tucker, a non-merchant seller, shows Jerry a sample of the product he recommends for Jerry’s stated, unusual purpose.  After seeing the product sample and relying on Tucker’s expert judgment/skill/experience, Jerry decides to purchase, and the two execute the sale. What, if any, warranty exists?

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Priscilla and Agnes are in an agency relationship. Per the t…

Priscilla and Agnes are in an agency relationship. Per the terms of their agreement, Agnes (agent) will not be compensated for her services (i.e. time and efforts) during her agency with Priscilla (principal). Which is true?

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Guy and Angela own a company called G&A, Inc. Their company…

Guy and Angela own a company called G&A, Inc. Their company is registered as a corporation in Texas, where they both reside. Their company _________ subject to double taxation.

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Marty and Brendan have a contract. Per the contract, Marty w…

Marty and Brendan have a contract. Per the contract, Marty will pay Brendan $20 to walk his dog, but the average rate for dog walking in their town is $10. Which is true?

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