Answer the following statement(s) true (T) or false (F)
Business valuation is essential when attempting to buy out a partner.
ANSWER: True
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Which of the following statements is CORRECT?
A. If a project has "normal" cash flows, then its IRR must be positive. B. If a project has "normal" cash flows, then its MIRR must be positive. C. If a project has "normal" cash flows, then it will have exactly two real IRRs. D. The definition of "normal" cash flows is that the cash flow stream has one or more negative cash flows followed by a stream of positive cash flows and then one negative cash flow at the end of the project's life. E. If a project has "normal" cash flows, then it can have only one real IRR, whereas a project with "nonnormal" cash flows might have more than one real IRR.
A person lacks contractual capacity if: A) the person is a chronic alcoholic
B) the person is a drug addict. C) because of mental impairment, the person does not comprehend that a contract is being made or understand its consequences. D) the person is a minor.
You and your spouse have decided to incorporate bonds into your newly-formed retirement portfolio. You will most likely purchase them
A) directly from a bond dealer. B) with your broker acting as intermediary. C) directly from the issuing institution. D) with an underwriter acting as intermediary.
The determination of whether a corporate director or officer has met his or her duty of care is measured in hindsight.
Answer the following statement true (T) or false (F)