A(n) ________ is the highest level of measurement and allows the researcher to identify or classify objects, rank order the objects, and compare intervals or differences

Fury Motor Corp is all equity financed and generates perpetual annual EBIT of $300. Assume that the EBIT, and all other cash flows, occur at year end and that we are currently at the beginning of a year

Assume that Fury has a 100% payout rate, 1,500 shares outstanding, and that shareholders require a return of 5%. Assume that the tax rate is 0%. Fury Motor Corp is considering an open market stock repurchase. It plans to buy 20% of its outstanding shares at the price of $4.00 per share. The repurchased shares will be cancelled. It will finance the repurchase by issuing perpetual bonds with a coupon rate (and yield) of 3%. Assume that the tax rate is 0%. If Fury Motor Corp goes ahead with the repurchase, then what is the stock price after the repurchase is complete? A) $3.00 B) $3.50 C) $4.00 D) $4.50 E) $5.00

Reusing software results in a higher quality application because:

A) the software has been tested more when used previously. B) the cost is lower. C) there is less staff time needed to complete the project. D) the code is better written. E) the software is more efficient.