An all-equity firm had a dividend expense of $30,000 last year. The market value of the firm is $900,000 and the dividend is expected to increase at 6% each year. What is the cost of equity for this firm?

As a rule, short-term investment strategies are more speculative than long-term investment

strategies. Indicate whether the statement is true or false

Changing a strategy to fit an existing culture is not as effective as changing a firm's culture to fit a new strategy

Indicate whether the statement is true or false