Julie Owns a Gun and Has for Several Years

question 81

Multiple Choice

Julie owns a gun and has for several years. She is arrested for possession of a firearm within the city where she lives. The day following her arrest, the city passes a law making gun ownership of any kind illegal and punishable by a year in jail for the first offense. Julie is sentenced to one year and a day in prison. ​

• A)Julie further contends that her conviction on the gun possession charge is a clear violation of the prohibition against ex post facto laws, which is guaranteed by  ___________ of the United States Constitution. ​
• B)Article VII
• C)Article IV
• D)Article II
• E)Article I

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Definitions:

Expected Perpetual EBIT

The forecasted continuous earnings before interest and taxes that a company expects to generate over an indefinite future period, assuming a steady state of operations.

Unlevered Cost of Capital

The cost of capital for a company that has no debt, representing its cost of equity.

Financial Leverage

The use of borrowed funds to increase the potential return of an investment.

All Equity Firm

A business that is financed entirely through equity capital, with no debt or borrowed funds.