While in Bill's office, Charles, a vice-president, says to Bill, the treasurer, "you are a liar and a thief", Charles has committed:
a) libel
b) slander
c) both
d) neither
D
Business
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Arrow Corp. has a WACC of 8.78%, a before-tax cost of debt of 6%, and a tax rate of 40%. If the firm is financed 30% with debt and the balance with equity, what is the cost of equity?
A) 10.50% B) 11.00% C) 11.50% D) 12.00%
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