The most powerful method of managing stress is to eliminate or modify the stressor

Assume the market value of Fords' equity, preferred stock and debt are $6 billion, $3 billion, and $13 billion, respectively. Ford has a beta of 1.7, the market risk premium is 8%, and the risk-free rate of interest is 3%. Ford's preferred stock pays a dividend of $2.50 each year and trades at a price of $30 per share. Ford's debt trades with a yield to maturity of 9.5%. What is Ford's weighted average cost of capital if its tax rate is 35%?

A) 9.78% B) 10.24% C) 9.31% D) 11.18%

People who accuse advertisements of causing demand creation believe that advertisements cause people to buy things they do not need and cannot afford

Indicate whether the statement is true or false