The purchasing agent for a municipality has contracted with a local car dealer to purchase four cars. The dealer has 25 cars on his lot; 10 red, 7 blue, 6 white, and 2 purple
If the purchasing agent has no control over the colors he receives, what is the probability that he receives at least one of the purple cars?A) 0.33
B) 0.30
C) 0.36
D) 0.39
B
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If an investor has the right to retire the bonds, they are referred to as callable
a. True b. False Indicate whether the statement is true or false
A ________ error occurs when the company dismisses a good idea
A) probability B) performance C) double counting D) DROP E) GO
You have been hired as a consultant by Feludi Inc.'s CFO, who wants you to help her estimate the cost of capital. You have been provided with the following data: rRF = 4.10%; RPM = 5.25%; and b = 1.30. Based on the CAPM approach, what is the cost of common from reinvested earnings?
A. 9.67% B. 9.97% C. 10.28% D. 10.60% E. 10.93%
The president of a company says that new products to be introduced are sure to double company profits. Based on this, investors buy stock in the company, pushing up its price. The products flop, the company loses money, so the stock price falls. Investors are most likely to sue the president of the company under what theory provided by the securities law?
a. liability for mismanagement b. liability for insider trading c. liability for misstatements d. liability for securities negligence e. none of the other choices; there is no basis for a lawsuit here