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

Capitalized costs incurred to develop internal use computer software should be amortized using the:

a. percent-of-revenue approach. b. percent-of-completion approach. c. straight-line approach. d. accelerated amortization approach

The provision in an Exxon employment contract that prohibits a current employee from operating a side business or working for other employers while still working for Exxon is a (n) __________

a. No-moonlighting clause b. Agreement not to compete c. Confidentiality agreement d. Anti-assignment clause