What is the annual cost incurred at the end of the third year?

The only way a firm does not have real exchange risk is in the case of the firm that is ________

A) completely diversified internationally B) a net exporter C) a net importer D) completely domestic

Investors who wish to minimize the effect of taxes on their investment returns should try to avoid

A) dividend paying stocks. B) short-term capital gains. C) long-term capital gains. D) municipal bonds.