A firm has a market value of equity of $30,000. It borrows $7500 at 8%. If the unlevered cost of equity is 16%, what is the firm's cost of equity capital?
A) 9.0%
B) 18.0%
C) 21.6%
D) 25.2%
Answer: B
Business
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Susan Clarks, a white female applicant, is refused a job at a state university in favor of a less-qualified minority applicant. She considers suing the state university on charges of reverse discrimination against her, under _____.
A. the Thirteenth Amendment B. the Fourteenth Amendment C. the Twenty-Second Amendment D. the Civil Rights Act of 1866 E. Title VII of CRA of 1964
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Belling Hotels provides complimentary breakfast buffets to all its guests. This is an example of a ________
A) primary service package B) service interface C) service support D) service frequency E) secondary service feature
Business