The betas of most stocks are constant over time

You have complete information about a company's balance sheet liabilities: Owners' equity $150 million and Debt $50 million. On the other hand. all you know about its assets is $20 million cash. What is the company's leverage ratio?

a) 0.333 b) 1.333 c) 0.133 d) 1.200 e) 1.467

In most cases of a unilateral mistake, the mistaken party is permitted to rescind the contract

Indicate whether the statement is true or false