1. T/F: When calculating the WACC, the cost of equity, cost of debt, and cost of capital are expressed as percentages.

2. T/F: When calculating the WACC, the market value of equity, debt, and the firm is expressed in ($) dollar amount.

3. The beta of the market is always equal to:

a. The risk-free rate

b. Zero

c. One

d. The standard deviation

4. The beta of a risk-free asset is always equal to:

a. Market rate of return

b. One

c. Zero

d. The variance