Which of the following statements is false? a. interest expense reduces taxable income and net income but not ebit. b. when a company repurchases its shares using proceeds from new issues of debt, its future expected earnings per share increases. c. 'homemade leverage' is the use of personal borrowing to adjust the overall amount of financial leverage to which the individual investor is exposed. d. under m& m assumptions which ignore special benefits and costs of debt, leverage has a substantial impact on total firm value and on wacc.

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?

Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% growth. his employer offers to let him convert a large portion of his salary into stock options. what is not a valid reason to turn down the stock offer? a)stocks with high returns have high volatility, and ronald's company may not grow further. b)ronald may be taxed more for capital gains than he would be for employment income. c)stock options are illiquid, and ronald may not be able to use them to pay for unexpected bills. d)ronald would be committing stock fraud if he exercises the options.