Firms should pursue merger and acquisition strategies only to obtain valuable economies of scope that outside investors find too costly to create on their own

Which of the following activities will cause a limited partner to lose his limited liability?

A) Voting on amendments to the limited partnership agreement B) Being an employee of the limited partnership C) Voting on the dissolution of the limited partnership D) Helping with the management of the limited partnership E) Acting as a surety for the limited partnership

The shorter the maturity of a bond,

A) the less its price sensitivity. B) the higher its coupon rate. C) the more its price sensitivity and the higher its coupon rate. D) the greater its price sensitivity.