As groups become more successful, they become less attractive to their members.

Murky Pharmaceuticals has issued preferred stock with a par value of $100 and a 5% dividend. The investors' required yield is 10%. What is the value of a share of Murky preferred?

A) $100 B) $75 C) $50 D) $25

In joint costing, which of the following changes may lead to a change in product classification?

A) main product sales price increases due to a new application B) byproduct sales price decreases due to a new government regulation C) main product becomes technologically obsolete D) byproduct loses its market due to a new invention