You currently own 900 shares of jkl which is an all-equity firm with 250,000 shares of stock outstanding at a market price of $20 a share. the company's earnings before interest and taxes are $120,000. jkl has decided to issue $1 million of debt at 6.5 percent interest and use the proceeds to repurchase shares of stock. how many shares of jkl stock must you sell to unlever your position if you can loan out funds at 6.5 percent interest?

Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal.b) rental rates in france will increase.c) wages in france will decrease.d) rental rates in portugal will increase.