Commercial banks chartered by _______________ are not required to be members, but they can choose to join.

Baxter Inc has a target capital structure of 30% debt, 15% preferred stock, and 55% common equity

The company's after-tax cost of debt is 7%, its cost of preferred stock is 11%, its cost of retained earnings is 15%, and its cost of new common stock is 16%. The company stock has a beta of 1.5 and the company's marginal tax rate is 35%. What is the company's weighted average cost of capital if retained earnings are used to fund the common equity portion? A) 13.80% B) 11.20% C) 12.00% D) 14.45%

In a diversified firm, market prices are set by a firm's corporate management to accomplish corporate objectives while transfer prices are determined by the market forces of supply and demand

Indicate whether the statement is true or false