Answer: A. Nori foreseeably and justifiably relied on Mica's promise to her detriment.
Explanation:
From the question, we are informed that Nori files a suit against Mica to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds.
The court could enforce such a contract if Nori foreseeably and justifiably relied on Mica's promise to her detriment.
Answer and Explanation:
The opportunity cost of megan for making pizza would be equivalent to the root amount as she make 1 pizza in 3 hours and in 5 hours she produced 1 boot beer so in one hour she produced 1 by 5th So for 3 hours it produced 3 by 5 so the opportunity cost would be 3 by 5 root beer gallon
Likewise for susan it produced 4 by 8 i..e 1 by 2 root beer gallons
By the above calculation the megan has the absolute advantage as megan takes lesser hours i.e. 3 hours while susan takes 4 hours
And, the susan has the comparative advantage as it contains the less opportunity cost i.e 1 by 2 as compared with megan i.e. 3 by 5
Also in the case of trade off susan would trade away as she has the comparative advantage
The highest price would be better off by 3 by 5 gallon
And, the lowest price is 1 by 2
Answer: 9.48%
Explanation:
Given Data
Debts ;
$7 billion
$2 billion
$13 billion
Beta of Fords stock = Beta = 1.50
Market risk premium = Rp = 8.0%
Risk free rate of interest = Rf = 4.0%
Equity rate = 1.7
Market risk rate = 0.8
Risk free rate = 0.03
Therefore;
Cost of Equity ( Re ) = Risk free rate + equity rate × market risk premium
= 0.03 + (1.7 × 0.8)
= 0.166
Preferred Stock Cost ( PSC)= Dividend ÷ stock price
= 4 ÷ 30
= 0.1333
Total debt = 13 + 6 + 2 = 21 billion
D% = 13 billion ÷ 21 billion
= 0.619
E% = 6 billion ÷ 21 billion
= 0.286
P% = 2 billion ÷ 21 billion
= 0.095
RD = debt capital at 8% maturity rate
Tc= 30%
Rwac =(w/ preferred stock)
= Re × E% + PSC × P% + Rd ( 1- Tc) D%
Rwac = (0.166)(0.286) + (0.1333)(0.095) + (0.08)(1- 0.3)*(0.619)
= 0.094803 * 100
= 9.48%
At 30% tax rate Ford weighted average cost is 9.48%
Answer:
The bond price is $1024.74.
Explanation:
Given,
time, t= 8 year
Maturity value, F = $1,000
interest rate, r = 6.1%
Coupon, C = $65
Bond's price = ![C [ \dfrac{(1-[1+r]^{-t} )}{r} ] + \dfrac{F}{[1+r]^t}](https://tex.z-dn.net/?f=C%20%5B%20%5Cdfrac%7B%281-%5B1%2Br%5D%5E%7B-t%7D%20%29%7D%7Br%7D%20%5D%20%2B%20%5Cdfrac%7BF%7D%7B%5B1%2Br%5D%5Et%7D)
= ![65 [ \dfrac{(1-[1+0.061]^{-8})}{0.061}] +\dfrac{1000}{[1+0.061]^8}](https://tex.z-dn.net/?f=65%20%5B%20%5Cdfrac%7B%281-%5B1%2B0.061%5D%5E%7B-8%7D%29%7D%7B0.061%7D%5D%20%2B%5Cdfrac%7B1000%7D%7B%5B1%2B0.061%5D%5E8%7D)
= ![65 [\dfrac{ (1- \dfrac{1}{1.6059})}{0.061}] + \dfrac{1000}{1.6059}](https://tex.z-dn.net/?f=65%20%5B%5Cdfrac%7B%20%281-%20%5Cdfrac%7B1%7D%7B1.6059%7D%29%7D%7B0.061%7D%5D%20%2B%20%5Cdfrac%7B1000%7D%7B1.6059%7D)
= ![65 [ \dfrac{(1 - 0.6227)}{0.061}] +\dfrac{1000}{1.6059}](https://tex.z-dn.net/?f=65%20%5B%20%5Cdfrac%7B%281%20-%200.6227%29%7D%7B0.061%7D%5D%20%2B%5Cdfrac%7B1000%7D%7B1.6059%7D)
=![65\times [ 6.1852] + 622.70](https://tex.z-dn.net/?f=%2065%5Ctimes%20%5B%206.1852%5D%20%2B%20622.70)
=$1024.74.
Hence, the bond price is $1024.74.
