Kenton buys a calculator from an electronics store. When he gets it home, he finds it does not work. He goes to return the calculator at the
store for a full refund, but the store's policy does not accept returns of calculators. Kenton was not informed of the no-return policy at the time
of the purchase. Have Kenton's consumer rights been violated? Why or why not?
Select the best answer from the choices provided.
OA. No; the store is not legally obligated to inform consumers of its return policy.
S
0
OB. No; the store did not recommend the calculator to Ker
OC. Yes; the implied warranty of merchantability has be
OD. Yes; the store is legally obligated to inform Kenton
ST

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)