If the Following Sentence Is Free of Errors, Choose the Answer

question 3

True/False

If the following sentence is free of errors, choose the answer True. If there are errors in the sentence, choose the answer False and explain how to correct the sentence. Vera spent $49.95 on clothes, $51.84 on groceries, and $21.00 for cell phone minutes, for a total of $102.79.

---

Definitions:

Constant Growth

A model assuming that dividends or any other type of cash flow grow at a constant rate indefinitely.

Debt/Equity Ratio

A measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity.

Weighted Average Cost Of Capital

The average rate that a company is expected to pay to finance its assets, weighted according to the proportion of equity and debt in its capital structure.

Tax Rate

The percentage at which an individual or corporation is taxed on their income.