Cross Rate Given these two exchange rates, $1 = 11.25 Mexican peso and $1 = €0.7521, compute the cross rate between the Mexican peso and the euro. State this exchange rate in pesos and in euros.

PNB Industries has 20 million shares of common stock outstanding with a market price of $18.00 per share. The company also has outstanding preferred stock with a market value of $50 million, and 500,000 bonds outstanding, each with face value $1,000 and selling at 97 percent of par value. The cost of equity is 15 percent, the cost of preferred is 12 percent, and the cost of debt is 8.50 percent. If PNB’s tax rate is 40 percent, what is the WACC?

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year’s sales using the average approach?    

Zero Coupon Bond Price Calculate the price of a zero coupon bond that matures in five years if the market interest rate is 7.50 percent. (Assume semi-annual compounding and $1,000 par value.)

Market Value versus Book Value Acme Bricks balance sheet lists net fixed assets as $40 million. The fixed assets could currently be sold for $50 million. Acme’s current balance sheet shows current liabilities of $15 million and net working capital of $12 million. If all the current accounts were liquidated today, the company would receive $77 million cash after paying $15 million in liabilities. What is the book value of Acme’s assets today? What is the market value of these assets?

 A synarthrosis joint allows no mobility?

Arthrology is the study of:

What is the function of the coracoid process?

A common finding in the study of aggression is that exposure to television is associated with increased aggressive behavior in children. You know this relationship may not be causal because you are not sure which occurred first—watching television or being aggressive. You are questioning which of the following rules of causation?

An alternative explanation for an outcome is known as a/an: