Mamá, estas flores son ______________________ ti.

In the subjunctive, the first clause is in the indicative (the indicative expresses reality), the second clause is in the subjunctive. The two clauses are connected by ____________________.  

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¿Dónde vivías?

A firm has the following taxable EBIT level: Taxable EBIT in 2023 = 1000   and  interest expense on debt paid = 500 Federal tax rate = 21%.   How much would the firm pay in federal taxes in 2023 given interest deduction caps that are 30% of EBIT    (not tax savings, taxes paid)

Nosotros (have seen) muchos conciertos en vivo.

Yo estuve en España ___________________ tres meses el año pasado.

Firm A wants to return $10 million in cash to shareholders. Advisor Jack wants Firm A to pay out $10 million of cash as a dividend now.  Advisor Jane wants Firm A to spend $10 million repurchasing the firm’s stock at currently fair prices now.  If the firm chooses Jane’s course of action a) The repurchase choice will be preferred to the dividend choice by investors who are in high tax brackets and want to minimize taxes paid b) The firm’s stock price should usually be higher with the repurchase rather than the dividend choice after the cash is paid out c) With the repurchase choice instead of the dividend choice, the firm’s expected EPS (earnings per share) in the year ahead should be higher if the firm is expected to report positive net income d) all the above e) a) and b) f) b) and c) g) none of the above

Mis hermanos __________________ al beisbol. (used to play)

Assume Congress passes a new law that raises taxes on individual dividends and realized capital gains.   Assume the new law also increases the federal corporate tax rate from 21% to 28%.  Based on our knowledge of tradeoff theory, the theoretical impact of the new law would be for firms to a) Increase debt relative to equity from current levels  (higher (D/E) b) Decrease debt relative to equity from current levels (lower D/E) c) keep debt levels about the same (same D/E)