Companies report securities based on a fair value hierarchy in which Level 3 is the most reliable estimates of inputs used and Level 1 fair value input estimates require the most judgment

Unlike the banking industry, globalization of financial services is having little or no effect on the insurance industry.

a. true b. false

Pinnacle Financial Management projects that earnings per share for Valley Imports Inc. will increase from the current $1.75 per share to $2.00 next year

If Pinnacle recommends a P/E ratio of 12.5 for Valley Imports, what is the recommended forward looking price for the firm? A) $21.88 per share B) $25.00 per share C) $23.44 per share D) $6.25 per share