Farmer owens has an apple orchard that must be pollinated by bees in order to bear fruit. farmer owens's neighbor, maude, owns beehives with bees that can pollinate the apple trees. suppose the benefit of the bees to farmer owens is $5,000 per year. suppose the bees provide no benefit to maude but she must pay $3,000 per year to maintain the hives. if farmer owens and maude engage in coasebargaining, what would likely result?

a. farmer owens would pay maude between $3,000 and $5,000 to maintain the hives.

b. maude would pay farmer owens between $3,000 and $5,000 to maintain the hives.

c. farmer owens would pay maude between $0 and $5,000 to maintain the hives.

d. farmer owens would pay maude at least $5,000 to maintain the hives.

e. farmer owens would not be willing to pay maude an amount such that she would maintain the hives.

The risk-free rate is 7% and the expected rate of return on the market portfolio is 11%. a. calculate the required rate of return on a security with a beta of 1.92. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. if the security is expected to return 15%, is it overpriced or underpriced?

Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units