Use a binomial tree to value to following option. Assume rf = 0.045, rp = 0.14, ? = 0.20, E(CF1 ) = $62 million, g = 0.03, time horizon = 2 years, binomial period = 1 year, and

Which of the following is NOT a part of the pitching process?

A) building a connector list based on the target audience B) searching online for specific information about a publication C) identifying suitable topics in a publication's editorial calendar D) calling the publication to speak with the investor relations manager E) keeping track of pitching opportunities using a spreadsheet

A distributorship franchisee is called a subfranchisor

Indicate whether the statement is true or false