Allison holds stock in CTC Drugs, a leading pharmaceutical company. In 2015, Allison traded her stock for another type of stock that granted her the right to vote and the right to participate in income through dividends
Which class of stock did Allison own initially?
A) cumulative preferred stock
B) participating preferred stock
C) convertible stock
D) common stock
C
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Which of the following statements is false regarding the interest rate used in NPV calculations?
A) Some companies use their cost of capital as the discount rate. B) The interest rate used may be adjusted for uncertainty. C) It should be equal to the maximum required rate of return needed to make the investment profitable. D) The interest rate used may be higher or lower than the investment's actual internal rate of return.
Which of the following criteria should be considered before purchasing a records storage system?
a. The compatibility of supplies and equipment. b. The possibility of discounts for quantity purchases. c. The volume of records that can be stored within the equipment. d. All of the above