The study of the legal environment of business is characterized by ________ thinking skills

If a corporate bond is issued with a coupon rate that varies directly with the required return, the price of the bond will ________

A) equal the face value B) be less than the face value C) be greater than the face value D) be greater than or less than the face value depending on how interest rates vary

Picarello Corporation's next annual dividend is expected to be $4.64 per share, to be issued one year from today. The firm anticipates the growth rate in dividends will be 4% annually for the foreseeable future

If the current price is $51 per share, what is the required rate of return for the firm's equity? A) 13.46% B) 13.10% C) 8.44% D) 16.27%