In a ________ corporation, the voting stock is held by a small number of individuals and is very thinly or infrequently traded

Green Garden Restaurants borrowed $10,000,000 from Big Bad Bank on July 1 last year for a term of two years. It agreed to pay 1-month LIBOR plus 2%. Interest is paid at the end of each month. At the beginning of July last year 1-month LIBOR was 1.25%. At the beginning of July this year 1-month LIBOR was 1.5%. Suppose 1-month LIBOR will be 2% at the end of this month. What is the interest rate that Green Garden will need to pay at the end of this month?

a) 1.25% b) 1.5% c) 2% d) 3.25% e) 3.5% f) 4%

CEOs are less likely to manipulate firm earnings reports to make themselves look good in the short run when they don't have an ownership share

Indicate whether the statement is true or false