Which of the following statements is false? a. in general, the gain to investors from the tax deductibility of interest payments is referred to as theinterest tax shield. b. the interest tax shield is the additional amount that a firm would have paid in taxes if it did not haveleverage. c. because corporations pay taxes on their profits after interest payments are deducted, interestexpenses reduce the amount of corporate tax firms must pay.*d. as modigliani and miller made clear in their original work, capital structure matters in perfect capitalmarkets. thus, if capital structure does not matter, then it must stem from a market imperfection*

John novosel was employed by nationwide insurance company for fifteen years. novosel had been a model employee and, at the time of discharge, was a district claims manager and a candidate for the position of division claims manager. during novosel's fifteenth year of employment, nationwide circulated a memorandum requesting the participation of all employees in an effort to lobby the pennsylvania state legislature for the passage of a certain bill before the body. novosel, who had privately indicated his disagreement with nationwide's political views, refused to lend his support to the lobby, and his employment with nationwide was terminated. novosel brought two separate claims against nationwide, arguing, first, that his discharge for refusing to lobby the state legislature on behalf of nationwide constituted the tort of wrongful discharge in that it was arbitrary, malicious, and contrary to public policy. novosel also contended that nationwide breached an implied contract guaranteeing continued employment so long as his job performance was satisfactory. what decision as to each claim?

Bond j has a coupon rate of 6 percent and bond k has a coupon rate of 12 percent. both bonds have 14 years to maturity, make semiannual payments, and have a ytm of 9 percent. a. if interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?

Which completes the equation? o + a + consideration (+ = k legal capacity legal capability legal injunction legal corporation