Direct finance includes the sale by a corporation of stocks or bonds, but does not include borrowing money from a bank
Indicate whether the statement is true or false
TRUE
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An economics professor has devised an interesting game to test the understanding of his students. He randomly selects two students from his class and gives a $50 bill to one of them
He then asks him what percentage of $50 he would give to his classmate. The first student can choose any percentage he wishes, while the second student can choose whether or not to accept the offer. If the second student does not accept the offer, the professor will take the bill back but if he accepts the offer, the money will be divided in the ratio decided by the first student. a) What is the likely outcome of this game if both the students value more money to less? b) What is the likely outcome of this game if the second student values fairness?
What happens to a monopoly's revenue when it sells more units of its product?
What will be an ideal response?