In December 2016, Boise Cascade's stock had a beta of 0.97. The Treasury bill rate at the time was 4.34% percent, and the Treasury bond rate was 7.59% percent. The firm had debt outstanding of 1.586 billion and a market value of equity of 2.616 billion; the corporate marginal tax rate was 36.00%. Use 8.00%as the market risk premium.
Which of the following accurately represents the expected return on the stock for a short-term and a long-term investor in the company?

a) 11.03% and 11.63%
b) 11.63% and 11.03%
c) 11.94% and 15.19%
d) 12.10% and 15.35%
e) 7.89% and 7.99%

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.