In applying risk-adjusted discount rates to project selection, projects falling above the SML would have a negative NPV and those falling below the SML would have a positive NPV

In a dual agency, the agent represents

A. only the seller. B. only the buyer. C. both the seller and the buyer. D. no one unless the agent enters into a written agreement.

Which of the following is a distinguishing characteristic of SEM?

A) The estimation of multiple and interrelated dependence relationships simultaneously in a single analysis. B) The explaining of the covariance among the measured items or observed variables. C) The ability to discriminate multiple groups in a single analysis. D) A and B. E) A, B, and C.