The market allocates capital to firms based on all of the following except:
A) Higher risk requires lower returns due to higher expectations
B) The level of efficiency
C) Expected returns
D) The degree of past performance
A) Higher risk requires lower returns due to higher expectations
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An advantage of the corporate form is the ability of the board to hire professional managers to attend to the corporation's affairs
Indicate whether the statement is true or false
Which of the following would be the legal result if the event contemplated by a condition precedent failed to take place?
A) The contract may be discharged. B) The contract is declared void. C) The party will be given time to cure. D) The contract will be binding on all the parties.
On the maturity date, _____.
A. the maturity value of the debt is to be repaid B. the first installment of the installment loan is due C. the interest payment is due D. the market interest rate rises above the coupon rate E. the market price of the bond rises above the face value of the debt
Which of the following statements about Coverage E: Personal Liability under the homeowners 3 policy is true?
A) Losses attributable to personal injury are covered. B) The liability limit stated in the policy is an aggregate limit for the policy period. C) The insured must be legally liable for insurer to pay damages. D) Bodily injury liability only applies to injuries that occur at the insured dwelling.