Kermit Wong invents a new type of computer even smaller than a calculator and patents the invention. A large U.S. computer company buys the rights and makes the units at its California plant, whence it ships them across North America
Kermit realizes that he could make them more cheaply, but the computer company refuses to give him a licence to do so in Canada. Which of the following is true?
A) Kermit can apply for a compulsory licence and the government will permit him to make and sell the units in Canada.
B) There is nothing Kermit can do
C) Kermit can apply but will be unsuccessful in obtaining a compulsory licence because the patent holder is using the patent.
D) Kermit can apply but will be unsuccessful because compulsory licensing only applies to drugs.
E) Kermit can apply but will be unsuccessful in obtaining a compulsory licence because the patent holder is selling the computer in Canada.
A
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____________ exposure occurs when there is a time lag between when a transaction takes place in a foreign currency and when payment is made.
Fill in the blank(s) with the appropriate word(s).
To qualify as a negotiable instrument, a promise cannot state any other undertaking by the person promising other than the payment of money
Indicate whether the statement is true or false
Motor City, Inc. purchased 63,000 shares of Shaw common stock for $278,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a:
A. Debit to Equity Method Investments -HTM for $278,000. B. Debit to Short-Term Investment-AFS for $278,000. C. Debit to Equity Method Investments for $278,000. D. Credit to Equity Method Investments for $6,227,200. E. Debit to Equity Method Investments for $6,227,200.
On a certain date, Kastbro has a stock price of $37.50, pays a dividend of $0.64, and has an equity cost of capital of 8%. An investor expects the dividend rate to increase by 6% per year in perpetuity
He then sells all stocks that he owns in Kastbro. Given Kastbro's share price, was this a reasonable action? A) No, since the constant dividend growth rate gives a stock estimate of $37.50. B) No, since the constant dividend growth rate gives a stock estimate greater than $37.50. C) Yes, since the constant dividend growth rate gives a stock estimate greater than $37.50. D) No, since the difference between his calculated stock price and the actual stock price most likely indicates that his estimate of dividend growth rate was incorrect.