The Draft

question 12

Multiple Choice

The draft

• A) was used for the first time during the war in Vietnam.
• B) if started today, would not provide enough men for the U.S. military.
• C) wouldn't prevent troop shortages unless women were drafted too.
• D) requires approval of the Supreme Court.
• E) is forced military conscription.

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Definitions:

Cost of Debt

The effective rate that a company pays on its current debt, often reflected as an annual rate.

Dividend Growth Rate

The annualized percentage rate of growth of a company's dividends paid to shareholders, projected into the future.

Equity Financing

Raising capital through the sale of shares in a company.

Tax Rate

The proportion of taxable income that an entity is legally required to remit to the government, with different rates applied to different levels of income or different types of entities.