True or False 26. A sale-lease-back arrangement in lease financing will create an infusion of cash into the company. 27. A company issuing new stock in the market takes the stock subscription risk if they hire an investment bank to fully underwrite the new stock issue. 28. The risk-free rate of return is 15% and the historical stock market average rate of retum is 8%. If Company M has a beta of 1.42, the required rate of return for capital asset pricing is 10.37%? 29. Concentration enables a company to invest a larger amount of funds potentially increasing interest income. 30. A coupon bearing bond will always have a shorter duration than a zero-coupon bearing bond with the same maturity. 31. The yield on any short-term investment instrument is a function of the maturity or holding period, the amount paid and the after-tax yield. 32. The record date is the date the dividend is paid. 33. Shareholders with a pre-emptive right can purchase stock on a pro-rata basis prior to public sale.