Assume that the only capital market imperfection is taxes. Kay industries currently has $100 million permanently invested in short-term Treasury securities paying 7% annually forever. Kay industries pays out the interest payments on these securities as a dividend. The board is considering selling the Treasury securities and paying out the proceeds as a one-time dividend payment. Assume that Kay must pay a corporate tax rate of 21%. Investors pay no taxes, and there is no taxable gain from the sale of the securities. If the board went ahead with this plan, what would happen to the value of Kay stock upon the announcement of a change in policy?

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

Which statement below best describes george waring's approach to solving the problems of water-borne illness? a. waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. waring exhibits the industrial age's increased respect for and reliance on science and the scientific method.

The larger the investment you make, the easier it will be to: get money from other sources. guarantee cash flow. buy insurance. streamline your products.