Acknowledgment is necessary to
A. deliver a deed.
B. validate a deed for recording.
C. have a formal will.
D. convey legal title.
Answer: B. validate a deed for recording.
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What is the automatic continuance of insurance coverage referred to as?
A) renewal B) reinstatement C) resumption D) renovaton
Gonzales Corporation generated free cash flow of $81 million this year. For the next two years, the company's free cash flow is expected to grow at a rate of 9%
After that time, the company's free cash flow is expected to level off to the industry long-term growth rate of 4% per year. If the weighted average cost of capital is 11% and Gonzales Corporation has cash of $100 million, debt of $300 million, and 100 million shares outstanding, what is Gonzales Corporation's expected free cash flow in year 2? A) $1429.79 million B) $86.61 million C) $1572.77 million D) $96.24 million