Suppose the schoof company has this book value balance sheet: current assets $30,000,000 current liabilities $20,000,000 fixed assets 70,000,000 notes payable $10,000,000 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 the 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. the long-term debt consists of 30,000 bonds, each with a par value of $1,000, an annual coupon interest rate of 6%, and a 15-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. the common stock sells at a price of $64 per share. calculate the firm's market value capital structure. do not round intermediate calculations. round the monetary values to the nearest cent and percentage values to two decimal places.

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

(05.04 mc) a 2012 report from the u.s. surgeon general stated: "another common practice is strategically locating tobacco-related marketing materials where young children will be exposed to them. tobacco industry executives acknowledge that products and advertising should be placed at eye level (pollay 2007), but in california, 48% of stores had at least one cigarette marketing item at or below 3 feet from the floor (feighery et al. 2001)." it was also noted that 25% of cigarette displays were next to candy. in addition, a national study found that about one-third of the stores had tobacco ads at low heights. after california banned counter displays, some stores place cigarettes in transparent displays so product brands could still be seen. why did some stores use transparent units to display the cigarettes? (3 points) to comply with the new rules while still encouraging cigarette purchases via visual exposure to ensure children and minors are not exposed to cigarettes and their eye-catching packaging to minimize exposure to humidity, extending the shelf life of the cigarettes' tobacco to reduce the occurrence of shoplifting, since cigarettes are high-revenue items

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false