The advantages of Treasury bonds include
A) there is no default.
B) they can't be called in.
C) most interest is free of state and local taxes.
D) all of the above.
E) only A and C.
Answer: D
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Clapton Corporation is considering an investment in new equipment costing $918,000
The equipment will be depreciated on a straight-line basis over a ten-year life and is expected to have a residual value of $98,000. The equipment is expected to generate net cash flows of $152,000 for each of the first five years and $116,000 for each of the last five years. What is the accounting rate of return associated with the equipment investment? (Round your answer to two decimal places.) A) 10.95% B) 11.34% C) 9.05% D) 10.24%
The managing partner of a limited partnership has responsibility for all of the following EXCEPT:
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