According to Modigliani and Miller, in a world with taxes but without bankruptcy costs, the value of a firm is strictly increasing with the use of more debt.

If a firm adheres strictly to the residual dividend model, the issuance of new common stock would suggest that

Separation of the sister chromatids is a characteristic of which stage of mitosis? prometaphase metaphase anaphase telophase

When raising new capital, a firm’s managers should prefer debt over equity when they feel the firm is undervalued.  

A 50% stock dividend and a 3:2 stock split should, at least conceptually, have the same effect on the firm’s stock price.

Which of the following fall within the scope of practice for CHWs? Choose all that apply:

What is the new chant that the sheep are taught and why?

At which of the cell-cycle checkpoints do external forces have the greatest influence? G1 checkpoint G2 checkpoint M checkpoint G0 checkpoint

Although ethics and the law are correlated, there is some distinction. Which of the following is an example of a law? Choose one.

Austin Manufacturing is considering three independent projects that each require an initial investment of $1.50 million. The estimated internal rate of return (IRR) and cost of capital for these projects are presented here:   Project 1:  cost of capital = 13%, IRR = 16% Project 2: cost of capital = 11%, IRR = 10% Project 3: cost of capital = 16%, IRR = 20%   Assume that Austin Manufacturing only pursues positive net present value projects. The company’s optimal capital structure calls for 45% equity.  Austin expects to have net income of $2,000,000.   a. If Austin establishes its dividend from the residual dividend model, what will be its payout ratio?   b. What would be the payout ratio if net income were only $1,250,000?