When estimating the equity market risk premium using historical data, you could either use an arithmetic mean or a geometric mean. In general, the geometric average will always be less than the arithmetic mean. True False

When estimating the cost of noncurrent debt, Kyle Brooks used ________________ .

		the internal rate of return from a recent bond
		the yield-to-maturity from a recent bond
		the coupon rate from a recent bond
		the current yield from a recent bond

When estimating WACC, to calculate the relative weights of each capital component, Kyle Brooks used _______________ ,

		book values
		intrinsic values
		the target capital structure
		market values