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FIN 516 Week 8 Final Exam..

$10
Contributor
Amanda
Category
Finance
Course
FIN 516 Advanced Managerial Finance
Institute
DeVry
Pages
4

(CO B) Which of the following statements concerning MM extension with growth is not correct? Tax shields should be discounted at the unlevered cost of debt The value of a growing tax shield is > the value of a constant tax shield For a given D/S, the levered cost of equity is > the levered cost of equity under MM's original (with tax) assumptions For a given D/S, the WACC is < the WACC under MM's original (with tax) assumptions The total value of the firm increases with the amount of debt (CO D) Which of the following is not an advantage of going public? Facilitates stockholders diversification Increases the liquidity of the firm's stock Makes it easier to obtain new equity capital Establishes a market value for the firm Makes it easier for owner-managers to engage in profitable self dealings (CO I) Suppose hockey skates sell in Canada for 105 Canadian dollars, and 1 Canadian dollar equals . 71 U.S. dollars. If purchasing power parity (PPP) holds, what is the price of hockey skates in t

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    • Application (135ms)time
    • 1 x Application (66.51%)
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      1 x Booting (33.47%)
      67.87ms
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      • product.viewview.blade.php#?blade
      • layouts.appapp.blade.php#?blade
      • layouts.navigationnavigation.blade.php#?blade
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      GET product/{product}
      middleware
      web, guestOrVerified
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      App\Http\Controllers\ProductController@view
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      prefix
      where
      as
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      app/Http/Controllers/ProductController.php:413-435
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        • 16. vendor/laravel/framework/src/Illuminate/Routing/ImplicitRouteBinding.php:61
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        • 21. vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
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        • 15. vendor/laravel/framework/src/Illuminate/Routing/ControllerDispatcher.php:43
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        • 22. vendor/laravel/framework/src/Illuminate/View/View.php:188
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        • 20. vendor/laravel/framework/src/Illuminate/View/Concerns/ManagesEvents.php:162
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        • 21. view::product.view:41
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        • 20. view::product.view:162
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
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        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        Backtrace
        • 16. view::product.view:208
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        • 16. view::product.view:208
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        • 20. view::product.view:210
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        Backtrace
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        Backtrace
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        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        • 16. view::product.view:208
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        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        • 16. view::product.view:276
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        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 557 and `product_categories`.`product_id` is not null
        300μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        380μsthesagf1_secgracustview.blade.php#249
        Bindings
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        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        350μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 558 and `product_categories`.`product_id` is not null
        330μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_images` where `product_id` = 559 limit 1
        280μsthesagf1_secgracustview.blade.php#249
        Bindings
        • 0: 559
        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `products` where `id` = 559 and `products`.`deleted_at` is null limit 1
        340μsthesagf1_secgracustview.blade.php#276
        Bindings
        • 0: 559
        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 559 and `product_categories`.`product_id` is not null
        260μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_images` where `product_id` = 560 limit 1
        350μsthesagf1_secgracustview.blade.php#249
        Bindings
        • 0: 560
        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `products` where `id` = 560 and `products`.`deleted_at` is null limit 1
        330μsthesagf1_secgracustview.blade.php#276
        Bindings
        • 0: 560
        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 560 and `product_categories`.`product_id` is not null
        310μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        260μsthesagf1_secgracustview.blade.php#249
        Bindings
        • 0: 561
        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        350μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 561 and `product_categories`.`product_id` is not null
        300μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        310μsthesagf1_secgracustview.blade.php#249
        Bindings
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        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        420μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        280μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        340μsthesagf1_secgracustview.blade.php#249
        Bindings
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        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        340μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 563 and `product_categories`.`product_id` is not null
        260μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        260μsthesagf1_secgracustview.blade.php#249
        Bindings
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        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        290μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 622 and `product_categories`.`product_id` is not null
        270μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        280μsthesagf1_secgracustview.blade.php#249
        Bindings
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        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        670μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 623 and `product_categories`.`product_id` is not null
        440μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        440μsthesagf1_secgracustview.blade.php#249
        Bindings
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        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        490μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 624 and `product_categories`.`product_id` is not null
        480μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        530μsthesagf1_secgracustview.blade.php#249
        Bindings
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        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        800μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 625 and `product_categories`.`product_id` is not null
        540μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        540μsthesagf1_secgracustview.blade.php#249
        Bindings
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        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `products` where `id` = 626 and `products`.`deleted_at` is null limit 1
        630μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 626 and `product_categories`.`product_id` is not null
        620μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        700μsthesagf1_secgracustview.blade.php#249
        Bindings
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        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `products` where `id` = 627 and `products`.`deleted_at` is null limit 1
        970μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 627 and `product_categories`.`product_id` is not null
        430μsthesagf1_secgracustview.blade.php#278
        Bindings
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        Backtrace
        • 20. view::product.view:278
        • 22. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 23. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 24. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 25. vendor/laravel/framework/src/Illuminate/View/View.php:207
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        620μsthesagf1_secgracustview.blade.php#249
        Bindings
        • 0: 628
        Backtrace
        • 16. view::product.view:249
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `products` where `id` = 628 and `products`.`deleted_at` is null limit 1
        470μsthesagf1_secgracustview.blade.php#276
        Bindings
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        Backtrace
        • 16. view::product.view:276
        • 18. vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php:124
        • 19. vendor/laravel/framework/src/Illuminate/View/Engines/PhpEngine.php:58
        • 20. vendor/laravel/framework/src/Illuminate/View/Engines/CompilerEngine.php:72
        • 21. vendor/laravel/framework/src/Illuminate/View/View.php:207
      • select * from `product_categories` where `product_categories`.`product_id` = 628 and `product_categories`.`product_id` is not null
        410μsthesagf1_secgracustview.blade.php#278
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