If a home was built before 1978, the seller's failure to provide a lead-based paint disclosure would make the contract void.
a. true
b. false
Answer: a. true
Business
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Phillips Enterprises Inc is expected to pay a dividend of $2.60 next year. Dividends are expected to
grow at a constant rate of 8% per year, and the stock price is currently $20.00. New stock can be sold at this price subject to flotation costs of 15%. The company's marginal tax rate is 35%. Compute the cost of internal equity (retained earnings) and the cost of external equity (new common stock), respectively. A) 21.00%, 23.29% B) 0, 21.00% C) 8.00%, 23.29% D) 23.00%, 25.48%
Business
What is the difference between a reliable survey and a valid survey?
What will be an ideal response?
Business