1. In the typical agency relationship in corporate finance theory, what constituent of the firm is known as the agent?
2. The Signet Corporation has issued? four-month commercial paper with a $5.8 million face value. The firm netted $5,654,304 on the sale. What effective annual rate? (EAR) is Signet paying for these? funds?
3. Fuller Corp. stock just paid a dividend of $3.12. Fullers dividend growth rate has averaged 3% historically, and Fuller stock currently sells for $25. What is the required return on equity?