The real utility of the coefficient of variation is in comparing assets that have equal expected returns

The term "breakeven after-tax cash flow" represents:

a. A pessimistic estimate in a typical scenario analysis. b. An optimistic estimate in a typical scenario analysis. c. The amount of after-tax cash flow needed to generate a return equal to a project's IRR. d. The cash flow needed to generate an IRR of zero. e. The minimum annual after-tax cash inflows needed for an investment project to be deemed acceptable in a present-value sense

Which of the following statements is true regarding a stock insurance company?

a. Stock companies are owned by their policyholders. b. Stock companies pay a portion of their earnings to their policyholders as dividends. c. Stock companies pay a portion of their earnings to their stockholders as dividends. d. Stock companies permit their policyholders to elect their Board of Directors.