Genna was dismayed when a second beauty shop opened in the same strip mall. Her lease probably lacked a ______________ clause.

a. Leasehold improvements
b. Use of premise
c. Non-compete
d. Hours of operation

Ans: c. Non-compete

Business

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Using the Binomial Model, find the value of a firm's levered equity (EL) given the following values: V=100, u=1.3, d=1/u, p=0.7, rf=5%, X=100, and T=3

EL a. 32.34 b. 27.34 c. 23.96 d. 18.96 FORMULAS: ; EL = ;

Business

________ provide services like financial counseling, child care referrals, elder care referrals, adoption assistance, mental health counseling, and life event planning

A) Pension plans B) Employee assistance programs C) Family-friendly benefits D) Benefit management systems

Business