An investment of $100 generates after-tax cash flows of $40 in Year 1, $80 in Year 2, and $120 in Year 3. The required rate of return is 20%. The net present value is closest to:

Which of the following indicates that a firm has a full outright stake in an acquisition?

A. Anderson Corporations acquires at least 75 percent of a company. B. Sheffield Enterprises acquires at least 60 percent of a company. C. Arthur Enterprises acquires 98 percent of a company. D. Maximus Corporations acquires 100 percent of a company. E. Dream Animax acquires at least 85 percent of a company.

Optional clause jurisdiction differs from contentious jurisdiction in that, optional clause jurisdiction is ________

A. the requirement that a tribunal must have power over the parties before it may hear a dispute B. the power of the ICJ to give opinions about issues of international law at the request of the United Nations or one of its specialized agencies C. the power of a court to hear a matter that involves a dispute between two or more parties D. a unilateral grant of jurisdiction by a state to the ICJ that allows the Court to resolve disputes involving that state