Because of the large amounts of policy reserves that life insurance companies carry as liabilities, they are rarely surprised by unexpected fluctuations in expected future payouts.

Managing the firm's short-term financing activities is known as ________

A) capital budgeting B) capital structure C) accounts receivable management D) working capital management

Calculating the modified internal rate of return on an Excel spreadsheet involves the use of the IRR

function multiple times, once using the financing rate, and once using the reinvestment rate. Indicate whether the statement is true or false