The financial futures market: Multiple Choice is a place in Chicago or Toronto where future stocks are traded. O allows for the trading of a financial instruments at a future point in time. is of value to small investors in managing their portfolios. increases the cost of hedging. The risk-free rate of interest: Multiple Choice is independent of market rates of returns on short-term securities. can be thought of as a real rate of interest on a short-term riskless government security is influenced by the treasury bill's beta. is calculated by multiplying the market rate of risk by beta Micro Brew (MB) is considering issuing new common stock. MB currently trades at $32.50 a share and MB's investment bankers estimate that it will cost $2.30 a share to issue new common stock. What is MB's estimated cost of new common shares, if the firm's cost of retained earnings is 12.01%? Multiple Choice 8.50% 12 25% 13.02% 15.00% Capital rationing assumes that: Multiple Choice a limited amount of capital is available. a limited number of investments are available. maximum value creation will be obtained. O all projects are acceptable