Bonds with the lowest risk of default are often referred to as junk bonds

How is the profitability index calculated?

A) The present value of the net cash flows minus the initial investment. B) The present value of the net cash flows /plus the initial investment. C) The present value of the net cash flows divided by the initial investment. D) The initial investment divided by the present value of the net cash flows.

Customs vary widely from one country to another, and understanding and observing these cultural variables is critical to a traveler's success

Indicate whether the statement is true or false.