If your primary investment concern was liquidity, you should probably invest in:
a. real estate
b. T-bills
c. growth stocks
d. corporate bonds
e. municipal bonds
b. T-bills
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While text messaging is considered rude in many situations, it can be useful for some business tasks
Indicate whether the statement is true or false
The insurable interest in a piece of property must exist at the time of loss
Indicate whether the statement is true or false
The _______ of an observation is determined by how far the values of the independent variables are from their means
a. odds ratio b. residual c. collinearity d. leverage
Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's shares on December 31, 20X3, for $1,000 per share in a transaction that Pam treats as an exchange for tax purposes. Comet has total E&P of $160,000 on December 31, 20X3. What are the tax consequences to Comet because of the stock redemption?
A. A reduction of $40,000 in E&P because of the exchange. B. A reduction of $80,000 in E&P because of the exchange. C. No reduction in E&P because of the exchange. D. A reduction of $50,000 in E&P because of the exchange.