A company has competitive advantage when its products are more appealing to its chosen customers
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Competitive advantage makes a company's products or the company as a whole more appealing to its chosen customers.
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Assume that a firm has a steady record of paying high dividends for years. A new management
team decided to cut the current year's dividend in half without disclosing why. The market value of the stock fell 35% on the day the dividend cut was announced. Which of the following would best explain the stock market's reaction to the announcement? A) residual dividend theory B) information effect C) empirical theory D) dividend irrelevance theory
When the stock market has bottomed out and is beginning to recover, the best portfolio to own is the one with a beta of
A) 0.0. B) +0.5. C) +1.5. D) +2.0.