You are taking a graduate level course in management that will help you in performing your duties at work. Each week you must submit case analyses to your professor. Using work time to complete the analyses would be unethical

Daniels, Inc. has assets valued at $2 million and 50,000 outstanding shares. A 5-year zero-coupon bond exists, which pays $400,000 at maturity

The bond is convertible into 10,000 shares. Assume ? = 0.30, r = 0.055, and no dividend is paid. What is the value of the bond? A) $402,672 B) $452,172 C) $415,022 D) $385,172

Leverage implies that a company

a. contains debt financing b. contains equity financing c. has a high current ratio d. has a high earnings per share