Assume the market value of Fords' equity, preferred stock, and debt are$6 billion, $2 billion, and $13 billion, respectively. Ford has a beta of 1.7, the market risk premium is 8%, and the risk-free rate of interest is 3%. Ford's preferred stock pays a dividend of $4 each year and trades at a price of $30 per share. Ford's debt trades with a yield to maturity of 8.0%. What is Ford's weighted average cost of capital if its tax rate is 30%?

Which of the following statements is true of discharge of contracts?

A) Anticipatory breach discharges the breaching party's obligations to the contract. B) Substantial performance is sufficient to discharge a contract. C) Tender of performance discharges a party's contractual obligations. D) Tender is a conditional offer by contracting party to perform his or her obligations under the contract.

A major consumer products company wants to measure the quality of the packaging of their products on the store shelves. Five large cities are chosen in different parts of the country. What sampling method is being used for this sampling plan?

A) simple random sampling B) continuous sampling C) subjective sampling D) stratified sampling