1. A year ago, Brad purchased 300 shares of ELX stock for $15,000. The stock is currently selling for $36 a share and Brad has decided to sell all of his shares. What is total return that Brad has earned on this investment if he received a special dividend $5 a share?
2. What are the challenges of implementing an accounting system into a business of child care center?
3. ABC company has EBIT of $50,000 and market value debt of $150,000 outstanding with a 9% coupon rate. The cost of equity for an all equity firm would be 13%. ABC has a 35% corporate tax rate. Investors face a 25% tax rate on debt receipts and a 15% rate on equity. What is ABC's value?