Ownership of a unit in a condominium project includes compulsory membership in:

a. the local trade union.
b. the homeowners' association (HOA).
c. Facebook.
d. the board of directors.

Answer: b. the homeowners' association (HOA).

Business

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Epiphany is an all-equity firm with an estimated market value of $300,000. The firm sells $250,000 of debt and uses the proceeds to purchase outstanding equity

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