A landowner granted Blackacre "to my nephew, his heirs and assigns, provided that he is survived by issue of himself and his wife, Sally, but if he dies without issue of Sally and himself, then to the county hospital." The nephew took possession of Blackacre and used it wisely for many years. Unfortunately, Sally died without having had any children. The nephew remarried, and his new wife, a geologist, discovered huge deposits of gold in the northeastern corner of Blackacre.

Does the nephew have the legal right to open a mine to extract gold from Blackacre?

(A) No, because after Sally died childless, the nephew has no further ownership interest in Blackacre.

(B) No, because after Sally died childless, the nephew is only a life tenant of Blackacre.

(C) Yes, because the nephew holds a fee simple determinable.

(D) Yes, because the nephew holds a fee simple defeasible.

Afirm's before-tax cost of debt, rd, is the interest rate that the firm must pay on debt. because interest is tax deductible, the relevant cost of debt used to calculate a firm's wacc is the cost of debt, rd (1 – t). the cost of debt is used in calculating the wacc because we are interested in maximizing the value of the firm's stock, and the stock price depends on cash flows. it is important to emphasize that the cost of debt is the interest rate on debt, not debt because our primary concern with the cost of capital is its use in capital budgeting decisions. the rate at which the firm has borrowed in the past is because we need to know the cost of capital. for these reasons, the on outstanding debt (which reflects current market conditions) is a better measure of the cost of debt than the . the on the company's -term debt is generally used to calculate the cost of debt because more often than not, the capital is being raised to fund -term projects. quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). the bonds currently sell for $845.87. if the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? round your answer to 2 decimal places. do not round intermediate calcu

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.

What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?