Decreasing one's tax liability through legal methods is called tax planning, while legally reducing taxes is called tax evasion

Which one of the following must be licensed as an insurance producer?

A) Anyone involved solely with the enrollment of individuals under group insurance policies. B) An employee involved in underwriting who does not receive commissions. C) Applicant for a temporary license. D) Those who solicit only sickness and accident and health insurance.

A firm has an expected dividend next year of $1.20 per share, a zero growth rate of dividends, and a required return of 10 percent. The value of a share of the firm's common stock is:

A) $120 B) $10 C) $12 D) $100