Answer: 9.7%
Explanation:
Given Data
Rf = Risk free return = 6%,
Rpm = Risk premium = 4%,
Beta = 0.9
Wd = Debt = 20%
rd = cost of debt = 8%
We = equity = 80%
Re = Rf + Beta (Rpm)
= 0.06 +0.9 (0.04)
= 0.096 * 100
= 9.6%
Unlevered Equity Cost ;
ReU= Wd × rd + We × re
= 0.20 × 8% + 0.80 × 9.6%
= 9.28%
Levered Equity Cost:
New Debt = 60%,
New Equity = 40%,
New rd = 9%
ReL = ReU + (ReU - rd) (D ÷ E)
= 9.28% + (9.28% - 9%) (0.60 ÷ 0.40)
= 0.097 * 100
= 9.7%
Answer: Post acquisition integration (B)
Explanation:
Post acquisition integration is a complex process of rearranging and combining businesses to materialize the potential efficiencies and synergies which usually motivate acquisitions and mergers.
The process, is usually lengthy and resource intensive. The importance of post acquisition integration cannot be understated, as it allows an acquiror to acquire the long-term value that he or she seeks from the transaction. It is a vital determinant on value creation for the shareholders in acquisitions and mergers.
Answer:
They provide buyers with anytime, anywhere access to products.
Explanation:
Direct digital marketing is the type of marketing that is done exclusively through digital channels such as email and the internet. It is becoming the more convinient way of marketing and is used by most businesses and even replaces traditional marketing in some cases.
Email marketing involves promotion of products through targeted emails to selected customer segments.
Marketing on the internet involves advert placement on various internet channels such as social media and search engines.
A minor advantage of digital marketing is that it is available at every time. So the customer can access information on products at any time of the day.
Rates of operant responding are <u>higher</u> for fixed-ratio than for fixed-interval schedules; they are <u>higher</u> for variable-ratio then for variable-interval schedules.
Rates of operant responding are higher for fixed-ratio because on the interval contingency the higher response rates observed on ratio than on matched interval reward schedules has been assigned to the differential reinforcement of longer inter-response times (IRTs).
In the fixed-ratio schedule, as the ratio increases, resistance to extinction increases. On the other hand, in the fixed-interval schedule, resistance to extinction increases as the interval lengthens in time.
Hence, rates of operant responding are higher for fixed-ratio and for variable-ratio.
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