Compute the present value of the tax shield generated when Smith Company issues $100 mn. in perpetual debt with an 8% coupon rate, and uses the proceeds to retire equity. The corporate tax rate is 34%

Experience surveys differ from surveys conducted as part of descriptive research in that there is usually no formal attempt to ensure that the survey results are representative of any defined group of subjects

Indicate whether the statement is true or false

A 10 percent three-year wage increase is provided as a 2 percent increase in the first year, 3 percent in the second year, and 5 percent in the third year. This is an example of a ________ contract

a. falling piece rate b. Scanlon plan c. back-loaded d. wage reopener