Equity finance is represented by which of the following?
A) when a firm borrows money from banks
B) when a firm sells bonds
C) when a firm sells shares of stock
D) when a firm draws down retained earnings
E) when a firm sells off part of its capital stock
C
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In the above figure, in order for this country to move from production possibilities frontier PPF1 to PPF2, it might
A) increase the skills and productivity of its work force. B) put all unemployed resources to work producing desired output. C) engage in exchange with other nations. D) increase the average level of prices for all goods produced and consumed.
Refer to Figure 2-6. If the economy is currently producing at point D, what is the opportunity cost of moving to point B?
A) 8 thousand wrenches B) 30 thousand wrenches C) 23 thousand hammers D) 0 hammers