Part of the U.S. Government's huge deficit is financed by foreign countries, such as China, which is

Trumpit Resorts Company currently has 1.2 million common shares of stock outstanding and the stock has a beta of 2.2. It also has $10 million face value of bonds that have five years remaining to maturity and 8 percent coupon with semi-annual payments, and are priced to yield 13.65 percent. If Trumpit issues up to $2.5 million of new bonds, the bonds will be priced at par and have a yield of 13.65 percent; if it issues bonds beyond $2.5 million, the expected yield on the entire issuance will be 16 percent. Trumpit has learned that it can issue new common stock at $10 a share. The current risk-free rate of interest is 3 percent and the expected market return is 10 percent. Trumpit's marginal tax rate is 30 percent. If Trumpit raises $7.5 million of new capital while maintaining the same

debt-to-equity ratio, its weighted average cost of capital is closest to: a. 14.5 percent. b. 15.5 percent. c. 16.5 percent.

The Americans with Disabilities Act of 1990

a. Led companies to hire only disabled applicants b. Led companies to keep separate medical and employment files c. Led companies to take affirmative action related to hiring those with disabilities d. None of the above