A member of a limited liability company may generally do all of the following, except: a. Transfer his membership in the company without the consent of the other members b. Participate in the management of the company absent an agreement to the contrary c. Have limited liability d. Order office supplies for the company

The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.