In the one-period valuation model, a stock's value will be higher

A) the higher its expected future price is.
B) the lower its dividend is.
C) the higher the required return on investments in equity is.
D) all of the above.

A

Business

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When deciding between a discount or full service brokerage, the investor should consider

A) trading costs. B) her comfort level making unassisted investment decisions. C) her awareness of potential investment opportunities. D) all of the above.

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SAS No. 99 requires that auditors

A) plan audits based on an analysis of fraud risk. B) detect all material fraud. C) alert the Securities and Exchange Commission of any fraud detected. D) take all of the above actions.

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