Indell stock has a current market value of $ 150 million and a beta of 0.90. Indell currently has risk-free debt as well. The firm decides to change its capital structure by issuing $ 23.01 million in additional risk-free debt, and then using this $ 23.01 million plus another $ 16 million in cash to repurchase stock. With perfect capital markets, what will the beta of Indell stock be after this transaction?

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration