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Practice This Chapter 1 Clifford W Smith Jr on Market Incentives for Ethical Behavior
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12 percent accounting amount annuity asset turnover average balance sheet bankruptcy beta bond book value borrowing capital structure chapter common stock Concept Questions cost of capital cost of debt cost of equity coupon rate current assets current liabilities current ratio debt-equity ratio depreciation discount rate discuss dividend policy dollar earnings EBIT example exchange rate expected return Figure financial manager financial statements firm firm's fixed assets flow from assets flow to creditors flow to stockholders future value growth rate illustrates income statement increase interest rate inventory investment investors issue loan long-term debt market value maturity million operating cash flow paid payments portfolio preferred stock present value profit Prufrock rate of return repurchase required return risk premium securities sell shareholders short-term standard deviation stock price Suppose systematic risk Table tax rate value factor WACC yield yield to maturity zero