A firm has outstanding debt with a coupon rate of 8%, nine years maturity, and a price of $1,000. What is the after-tax cost of debt if the marginal tax rate of the firm is 40%?

When little Josef would throw himself on the floor, screaming and kicking, his mother ignored him. Consequently, Josef has stopped throwing tantrums. This is an example of ______.

Fill in the blank(s) with the appropriate word(s).

Regarding discontinued operations, which of the following statements is incorrect?

A) Gain and losses on the sale of plant assets are not reported as discontinued operations. B) A loss on discontinued operations is reported with an addition for the applicable income tax. C) Most analysts do not include the results of discontinued operations in financial analysis. D) The discontinued operations heading of the income statement includes segments of the business that have been sold.