If a bond’s coupon rate is equal to the market rate of interest, then the bond will sell:

Drilling, Inc. has a beta of 1.3. If the risk-free rate of return is 8 percent and the expected return on the market is 12 percent, what is the firm’s after-tax cost of equity capital if the firm’s marginal tax rate is 40 percent?

Howard, Inc., is a fast-growing technology company that paid a $1.25 dividend last week. The company’s expected dividend growth rates over the next four years are as follows: 25 percent, 30 percent 35 percent, and 30 percent. The company then expects to settle down to a constant-growth rate of 8 percent annually. If the required rate of return is 12 percent, what is the present value of the dividends over the fast growth phase? (Do not round intermediate calculations. Round final answer to two decimal places.)

Johnny Enterprises plans to build a new plant at a cost of $3,250,000. The plant is expected to generate annual cash flows of $1,225,000 for the next five years. If the firm’s required rate of return is 18 percent, what is the NPV of this project? (Do not round intermediate computations. Round final answer to nearest dollar.)

Oil, Inc. has a cost of equity capital equal to 22.8 percent. If the risk-free rate of return is 10 percent and the expected return on the market is 18 percent, what is the firm’s beta if the marginal tax rate is 35 percent?

The net present value

Which of the following statements is true about the general dividend valuation model?

Research regarding schizophrenia and family environments suggests that families _______________ expressions of hostility, criticism, or overinvolvement were predictors of relapse for individuals with schizophrenia.  

Explain why very low body temperatures in warm-blooded animals is bad for membrane fluidity. What is one way their cells can resist the effects of decreased body temperatures on their membrane fluidity? 

Alport syndrome (AS) is a genetic disease in which a mutation affects the kidneys, the ears, and the eyes. The syndrome causes kidney disease as well as deafness. Affected men in the family died early as a result of their kidney problems; whereas, females lived until old age and showed mild symptoms. The gene responsible for Alport syndrome is located on the X chromosome. Susan and Philip have 2 children. Their 12-year old son, Joe already has kidney problems while their 15-year old daughter Marianne is healthy. Susan had a brother who died of Alport syndrome but her parents are both over 60 years old.If Susan and Philip are expecting another child. They are concerned with the chance of having an affect son. What is the probability of their next child being born a son and have Alport Syndrome?