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nev322
20.02.2020 •
Social Studies
Which of the following states that if a writing, or term in question, appears to be plain and unambiguous on its face, its meaning must be determined from the four corners of the instrument without resort to outside evidence, with the words being given their ordinary meaning?
A. The Interpretation Rule
B. The Simple Rule
C. The Understandable Rule
D. The Plain Meaning Rule
E. The Comprehensive Rule
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Ответ:
D. The Plain Meaning Rule
Explanation:
Plain meaning rule is a type of statutory construction in which statues are to be interpreted using the ordinary meaning of the language of the statue. This applies when there is no ambiguity in it as seen in this question.
Ответ:
Their underlying asset beta is closest to is 1.08
Explanation:
According to the given data we have the following:
Debt is given as $78 billion
Equity is given as $142 billion
equity beta given as 1.68
Therefore, in order to calculate the underlying asset beta we would have to use the formula of the the equity beta for a levered firm as follows:
betaE =beta A [1 + (Debt / Equity)]
1.68 = \beta A [1 + ($78 B/ $142 B)]
1.68 = \beta A [1 + 0.5493]
betaA = 1.68 / 1.5493
betaA = 1.08
Their underlying asset beta is closest to is 1.08