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 Which of the following bonds are considered to be default-risk free?

 Milton Friedman called the response of lower interest rates resulting from an increase in the money supply the ________ effect.

 The ________ is defined as the payments to the owner plus the change in a security’s value expressed as a fraction of the security’s purchase price.

Pieces of property that serve as a store of value are called

 By bundling share purchases of many investors together mutual funds can take advantage of economies of scale and thereby lower

 The problem created by asymmetric information before the transaction occurs is called ________, while the problem created after the transaction occurs is called ________.

In 2-3 sentences describe why not all cervical injuries impact breathing.

FROM THE INFORMATION GIVEN BELOW Calculate the Capital Structure of the firm using the Book Values provided.  (you are not calculating the entire WACC) As a consultant to GBH Skiwear, you have been asked to compute the appropriate discount rate to use to evaluate the purchase of a new warehouse facility.  You have determined the Book values of the firm’s capital structure as follows:             SOURCE OF CAPITAL BOOK VALUE Bank Loan     Bonds 100,000   $500,000 Preferred stock $200,000 Common stock Retained Earnings   $100,000 $400,000                   To finance the purchase, GBH will borrow $100,000 from The Island Bank, sell 20-year bonds, paying 8 percent per year, at the market price of $1050.  Flotation costs for issuing the bonds are 6 percent of the market price.  Preferred stock paying a $2.50 dividend can be sold for $45; the cost of issuing these shares is $5 per share.  Common stock for GBH is currently selling for $75 per share.  The firm paid a $2 dividend last year and expects dividends to continue growing a rate of 10 percent per year.  Flotation costs for issuing new common stock will be 10 percent of the market price.  The firm’s marginal tax rate is 40 percent.   The Capital Structure of this firm is:

4. EXTRA CREDIT. Identify this artwork in full (1 point). Then name two reasons why studying this artwork is so very difficult (2 points). Note: you cannot lose points for answering this question incorrectly. You can only gain points. So take a guess! Quiz1_7.jpg

2. ESS COMPARISON. This question has three parts. First fully identify (title, date, culture, and artist if relevant) and provide a synthetic analysis of monument 1 and monument 2, including visual analysis and descriptions of their function and significance. Then, compare the two. How are monument 1 and 2 similar and different and what does the comparison reveal about their significance and meaning? Recommended time: 30 minutes Monument 1 Quiz1_2.jpg Quiz1_3.jpg Monument 2 Quiz1_4.jpg Quiz1_5.jpg