before the florida public service commission in re investigation into pricing unbundled network elements docket 990649 tp direct testimony of gregory d jacobson on behalf verizon inc subject cost capital may 18 2001 table contents i introductlol t 1 ii fundamental economic principles 4 111 proxy group 20 iv debt 24 v equity 25 vi structure 26 vi1 conclusion 31 c 2 3 qm 5 a 6 7 8 9 10 i1 12 13 14 15 16 17 19 21 22 23 introduction please state your name position and business address my is am treasurer 600 hidden ridge irving texas would you describe professional qualifications including educational background graduated from university washington with bachelor arts administration degree i974 master 1975 subsequent to completing studies at have been employed by gte now companies variety management positions accounting financial