Under accrual accounting, revenue is recognized when it is earned; therefore, accrued interest must be recorded at the end of the period

Using the capital asset pricing model (CAPM) approach, the cost of retained earnings for the company is closest to

An analyst gathered the following information about a company and the market: Current market price per share of common stock $28.00 Most recent dividend per share paid on common stock (D0) $2.00 Expected dividend payout rate 40% Expected return on equity (ROE) 15% Beta for the common stock 1.3 Expected rate of return on the market portfolio 13% Risk-free rate of return 4% A. 13.6%. B. 15.7%. C. 16.1%.

A broker's promise to use diligence makes a listing

A. a bilateral contract. B. an illusory contract. C. a unilateral contract. D. voidable.