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19.    Which of the following improve(s) the corporate governance of a firm? I. A larger fraction of independent directors on the boardII. Having the CEO serve as the chairman of the board of directorsIII. Block ownership by an active institutional investor who is trying to maximize shareholder wealth

The Francis Company is expected to pay a dividend of D1 = $1.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company’s beta is 1.15, the market risk premium is 5.50%, and the risk-free rate is 4.00%.  What is the company’s current stock price?

Langston Labs has an overall (composite) WACC of 10%, which reflects the cost of capital for its average asset. Its assets vary widely in risk, and Langston evaluates low-risk projects with a WACC of 8%, average-risk projects at 10%, and high-risk projects at 12%.  The company is considering the following projects:                                  Project                           Risk                   Expected Return                                    A                               High                            15%                                    B                            Average                         12%                                    C                               High                            11%                                    D                               Low                              9%                                    E                               Low                              6%   Which set of projects would maximize shareholder wealth?

Which of the following statements is CORRECT? (Assume that the projects being considered have conventional cash flows, with one outflow followed by a series of inflows.)

According to the lecture on evidence-based medicine, which three foundational elements for evidence-based medicine will lead to improved patient outcomes?

Which of the following organizations administers the high-stakes PANCE and PANRE examinations to provide certification for individual PAs; makes rules for eligibility for the exams; awards the “C” in PA-C, dedicated to serving the interest of the public?

What is the name of the prescription drug monitoring program which began in 2011 to help combat prescription drug abuse in Florida?

A PA in the state of Florida with a DEA license may write a schedule II medication (like hydrocodone) for how many days?

“First, do no harm” is most closely associated with which ethical principle? 

If billing is done under the PA’s national provider identifier, what is the rate of reimbursement by Medicare?