If Firms J, K, and L were to merge, the four-firm concentration ratio would and the Herfindahl Index would .a. rise to 59 percent; rise to 1,212b. rise to 28 percent; rise to 10,000c. rise to 50 percent; rise to 1,062d. not be affected; not be affectede. rise to 60 percent; fall to 986

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease