Which of the following would be the BEST example of external obsolescence?
A. A house with a poorly maintained yard.
B. A house with peeling paint on the outside.
C. A house with a poor floor plan.
D. A house located next to an industrial plant.
Answer: D. A house located next to an industrial plant.
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A holder in due course is anyone who comes into possession of a negotiable instrument by any means
Indicate whether the statement is true or false
Which of the following statements is FALSE?
A) Investors can alter the leverage choice of the firm to suit their personal tastes either by borrowing and reducing leverage or by holding bonds and adding more leverage. B) On the market value balance sheet the total value of all securities issued by the firm must equal the total value of the firm's assets. C) The market value balance sheet captures the idea that value is created by a firm's choice of assets and investments. D) One application of MM Proposition I is the useful device known as the market value balance sheet of the firm.