Luther Corporation's Stock Price Is $39 Per Share and the Company

question 17

Multiple Choice

Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.Its excess cash in 2009 is $23.4.Its Debt-to-Enterprise Value Ratio in 2009 is closest to:

• A)0.696
• B)0.37
• C)0.255
• D)0.654

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Definitions:

Self-determination Theory

A psychological theory focused on motivation that suggests people are most motivated to grow and change when their needs for autonomy, competence, and relatedness are fulfilled.

Intrinsic Motivation

The drive to engage in an activity for its own sake, due to the personal satisfaction and fulfillment it provides, without external incentives.

Extrinsic Motivation

Refers to motivation driven by external rewards such as money, fame, grades, and praise.

Intrinsic Motivation

The drive to engage in activities for their own sake, for the pleasure and satisfaction derived from participation, rather than for some separable consequence.