Assignment
a. What is the role of the board of directors in corporate governance?
b. What is the difference between the average and the marginal tax rate?
c. What can you say about the value of stock with constant dividend growth where the growth rate is larger than the discount rate?
d. What can you say about the yield to maturity on a callable bond compared to an otherwise identical straight bond? Why?
Format your assignment according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.