On December 3,2001, spot Japanese yen were sold at $0.008058. Suppose the 180-day forward Japanese yen was selling at a 1.91% annualized premium, what is the 180-day forward rate of the yen?

Gathering with team members outside of the work environment is an effective and appropriate way to establish relationships and discover common interests.

a. true b. false

Consider the Modigliani and Miller world of corporate taxes. An unlevered (all-equity) firm value is $200 million. By adding debt, the annual interest expense is $40 million, the corporate tax rate is 25%, and the discount rate on the tax shield is 6%

What is the value of the firm after adding debt? A) $366.67 million B) $425 million C) $433.33 million D) $450 million