Getting into a top ranked MBA program is highly competitive, but the results can be very rewarding in terms of financial success and career mobility. Having a good undergraduate grade point average is certainly an important factor that admissions committees consider; however, GPA isn't the whole story. A strong GMAT score and evidence of relevant work experience is also very important. Admissions decisions are made by looking at all those metrics and more, including personal essays, letters of recommendation, and one-on-one interviews.
"Think and Grow Rich" was written during the Great Depression , and has since sold more than 30 million copies worldwide. Hill conducted extensive research based on his associations with wealthy individuals during his lifetime. At the suggestion of Andrew Carnegie, Hill published 13 principles for success and personal achievement from his observations and research. These include desire, faith, specialized knowledge, organized planning, persistence and the "sixth sense." Hill also believed in brainstorming with like-minded people, whose efforts can create synergistic energy.
e. $8, Answer: View Answer Maureen Smith is a single individual. She claims one exemption of $4,000 for herself and claims a standard deduction of $6,300. Her salary for the year was $75,000. What is her taxable income?
e. $75,000 Answer: View Answer One of the four most fundamental factors that affect the cost of money as discussed in the text is the time preference for consumption. The higher the time preference, the lower the cost of money, other things held constant.
b. False Answer: View Answer When a corporation’s shares are owned by a few individuals who are associated with the firm’s management, we say that the stock is closely held .
b. False Answer: View Answer Suppose a foreign investor who holds tax-exempt Eurobonds paying % is considering investing in an equivalent-risk domestic bond in a country with a 28% withholding tax on interest paid to foreigners. If 50% after-tax is the investor’s required return, what before-tax rate would the domestic bond need to pay to provide the required after-tax return?
e. % Answer: View Answer Variance is a measure of the variability of returns, and since it involves squaring the deviation of each actual return from the expected return, it is always larger than its square root, the standard deviation.
b. False Answer: View Answer Gator Fabrics Inc. currently has zero debt (., w d = 0). It is a zero growth company, and additional firm data are shown below. Now the company is considering using some debt, moving to the new capital structure indicated below. The money raised would be used to repurchase stock at the current price. It is estimated that the increase in risk resulting from the additional leverage would cause the required rate of return on equity to rise somewhat, as indicated below. If this plan were carried out, by how much would the WACC change, ., what is WACC Old – WACC New ?Do not round your intermediate calculations.