Seller Skinner signed a 90 day exclusive right to sell listing with Broker Bill. Two weeks later, Skinner cancelled the listing with Bill and gave an open listing to Broker Carl and another open listing to Broker Paul. Three weeks later, Paul presented an offer to Skinner which the seller accepted. Which of the following is most correct?
a. Broker Bill only is entitled to a full commission
b. A full commission will be divided equally between Bill, Carl, and Paul
c. Broker Paul only is entitled to a full commission
d. Paul is entitled to a full commission and Bill is entitled to a full commission as well
Answer: d. Paul is entitled to a full commission and Bill is entitled to a full commission as well
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____________ of Information Search: Criteria to use, Informs consideration set (awareness), perceptions
Fill in the blank(s) with the appropriate word(s).
Which one of the following should earn the most risk premium based on CAPM?
A. diversified portfolio with returns similar to the overall market B. stock with a beta of 1.38 C. stock with a beta of 0.74 D. U.S. Treasury bill E. portfolio with a beta of 1.01