Investment bankers have been active in the mergers and acquisitions market since the 1960s. Their contributions have included
A) helping firms that want to acquire another firm locate a firm to pursue.
B) helping would-be acquirers solicit shareholders through a tender offer.
C) helping target firms ward off undesired takeover attempts.
D) all of the above.
E) only A and B of the above.
D
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A misrepresentation:
A) always voids a contract B) makes a contract voidable if it is material C) is sometimes referred to as a "concealment" D) is legally treated the same way as a breach of warranty
When computing an investment's internal rate of return using a financial calculator or spreadsheet such as Excel, which of the following should be entered as a negative number?
A) the number of time periods B) dividend or interest payments C) the price at which the investment is sold D) the initial cost of the investment