The Confidential Client Information Rule is violated when a member in public practice
a. Provides client profit and loss percentages to a trade association without the client's consent
b. Uses outside computer services to process tax returns
c. Performs consulting services for similar clients
d. Advises potential consulting services clients about previous problems on similar engagements
Ans: a. Provides client profit and loss percentages to a trade association without the client's consent
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Which of the following statements is TRUE of arbitration of grievances under collective bargaining?
a. In determining whether there is a duty to arbitrate a dispute, the courts should examine the merits of the underlying grievance. b. In labor contracts with an arbitration clause, if there is any doubt regarding the topics covered by the arbitration clause, then the topic should be considered as non-arbitrable. c. The parties are not required to arbitrate a dispute that they have not agreed to submit to arbitration. d. A court should enforce the decision of an arbitrator only after examining its correctness.
The next dividend on Sciorra stock is expected to be $3.10 per share. Dividends are expected to grow at a constant rate of 5% indefinitely. What should the current share price be if Sciorra investors require a return of 15%?
A) $32.55 B) $31.00 C) $20.67 D) $21.70 E) $62.00