Prof. Smith wants to study the characteristics of shopliftin…

Prof. Smith wants to study the characteristics of shoplifting. She gets permission from a grocery store owner to follow randomly-selected subjects through the store using hidden video cameras. She then takes note of such things as the length of time they are in the store, their socio-demographic characteristics (e.g., sex, race, approximate age), whether they are alone or in a group, etc. She also takes note of whether they try to conceal any items and exit the store without paying. What ethical principle is she potentially violating in this study?

Quinlan Enterprises stock trades for $52.50 per share. It is…

Quinlan Enterprises stock trades for $52.50 per share. It is expected to pay a $2.50 dividend at year end (D1 = $2.50), and the dividend is expected to grow at a constant rate of 5.50% a year. The before-tax cost of debt is 8.50%, and the tax rate is 40%. The target capital structure consists of 40% debt and 60% common equity. What is the company’s WACC if all the equity used is from retained earnings (so the firm does not have to issue new shares of common stock)?