11. Most equity research analysts are employed by (and receive their paychecks from) industrial companies.

True/False???

12. A firm's cost of debt can be calculated by multiplying your current ratio by the firm's credit rating and add the risk-free rate.

True/False???

13. Increased leverage will not necessarily result in enhanced firm value.

True/False???

14. If the price of a firm's shares moves 5% when the whole market moves 2%, the firm should have higher costs of equity than a firm whose share price would move at the same rate as the whole market.

True/False???

15. A company with sustainable returns to capital of 15 percent and a cost of capital of 12 percent will maximize its value by offering dividends exactly equal to its cost of capital.

True/False???