In a ________ market, the buyer and seller are not brought together to trade securities directly but instead have their orders executed on the ________
A) dealer; securities market
B) broker; over-the -counter market
C) broker; securities market
D) dealer; over-the-counter market
D
You might also like to view...
The New Graduates' Workforce Readiness study found that many employers were dissatisfied with the communication skills of their college-graduate employees. Which of the following is one of the deficiencies specifically cited in this study?
A) Following company policies B) Leadership C) Work ethic D) Business planning E) Marketing skills
Explain what is meant by the data perspective.
What will be an ideal response?
If a company has violated antitrust laws,
A) the Justice Department can initiate only noncriminal charges against the violator B) the Federal Trade Commission may file criminal proceedings against the violator. C) any private person or company that has been harmed by the violator can file a lawsuit to recover damages. D) both the Justice Department and the Federal Trade Commission can bring criminal proceedings.
Correll Corporation is considering a capital budgeting project that would require investing $240,000 in equipment with an expected life of 4 years and zero salvage value. Annual incremental sales would be $570,000 and annual incremental cash operating expenses would be $420,000. The project would also require a one-time renovation cost of $40,000 in year 3. The company's income tax rate is 30% and its after-tax discount rate is 15%. The company uses straight-line depreciation. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.The net present value of the entire project is closest to:See separate Exhibit 13B-1, to determine the appropriate discount factor(s) using the tables provided.
A. $162,080 B. $332,864 C. $224,000 D. $92,864