Small and large companies can gain cost efficiencies in internal control by
A) focusing financial items that have changed the most from period to period.
B) managing reporting objectives.
C) effectively managing the amount and types of documentation on adequate controls.
D) All of the above will enable small companies to gain cost efficiencies.
Answer: D
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Assume the market value of Fords' equity, preferred stock, and debt are$6 billion, $2 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 $4 each year and trades at a price of $30 per share. Ford's debt trades with a yield to maturity of 8.0%. What is Ford's weighted average cost of capital if its tax rate is 30%?
A) 9.95% B) 9.48% C) 10.43% D) 11.38%