If the shares of a closed-end investment company sell for a discount,
A. the shares are undervalued.
B. the price of the stock is less than the company's liabilities.
C. the net assets exceed the price of the shares.
D. the value of the assets have declined more than the price of the stock.
Answer: C
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In computerized purchase operations the computer matches three documents, the purchase order, the receiving report, and the monthly statement, and if the three match within a prespecified tolerable limit, the invoice is approved for payment
a. True b. False Indicate whether the statement is true or false
A recent development in many companies is to:
A) Reassign functional managers to functions outside their area of expertise in order to build well-rounded employees. B) Reassign project managers back to functional duties as soon as a project ends; then assign them to the next project within their functional area. C) Keep skilled project managers in project work; when one project ends they are immediately assigned to another project. D) Hire talent from outside the organization, effectively outsourcing project management talent to professional project management organizations.
Multiple regression can be used to develop a multiplicative decomposition model
Indicate whether the statement is true or false
The mayor of Trenton is considering the purchase of a new computer system for the city's tax department. The system costs $75,000 and has an expected life of five years. The mayor estimates the following savings will result if the system is purchased:Year Savings1 $20,000 2 25,000 3 30,000 4 15,000 5 12,000 What can be said about the computer system's internal rate of return if the net present value at 12% is positive? Trenton uses a 10% discount rate for capital-budgeting decisions.
A. The internal rate of return must be less than 5%. B. The internal rate of return is between 10% and 12%. C. The internal rate of return is less than 10%. D. The internal rate of return is greater than 12%. E. There is insufficient information to make any judgment about the internal rate of return.