Which of the following is not one of the governing bodies of the IOC?
A. The Legislature
B. The Executive Board
C. The Session
D. The president
Answer: A. The Legislature
Business
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A potential buyer gives a seller an offer that doesn't meet the seller's demands in the listing. What has the buyer given?
A. Contract of sale B. Counteroffer C. Offer to purchase D. Option
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An all-equity firm had a dividend expense of $20,000 last year. The market value of the firm is $600,000 and the dividend is expected to increase at 5% each year. What is the cost of equity for this firm?
A) 6.80% B) 7.65% C) 8.50% D) 9.35%
Business