The primary goal of portfolio diversification is to:

A) reduce risk.
B) eliminate all risks.
C) increase interest income.
D) increase capital gains.
E) produce constant annual rates of return.

A) reduce risk.

Business

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Which of the following parties generally has the most management rights?

A. Minority shareholder in a corporation listed on a national stock exchange. B. Limited partner in a general partnership. C. Member of a limited liability company. D. Limited partner in a limited partnership.

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Calculate the project's MIRR. (Round to the nearest whole percentage.)

Manheim Candles is considering a project with the following incremental cash flows. Assume a discount rate of 10%. Year Cash Flow 0 ($20,000) 1 0 2 $30,000 3 $30,000 A) 31% B) 47% C) 53% D) 61%

Business