The purpose of a reverse stock split is to ________
A) issue additional shares
B) increase the dividend
C) increase the price of a stock
D) decrease trading activity
C
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Risk owners can potentially have conflict with risk auditors because risk auditors:
A. Report to the project manager. B. Investigate the effevtiveness of the risk owner. C. Measure the effectiveness of the risk thresholds. D. Report to the stakeholders.
All of the following are true about residential appraisals EXCEPT:
a) Since a borrower's available cash for closing is generally limited and the lending guidelines are rigid, the loan originator should carefully review the appraisal for any errors. b) A lender will generally limit the loan to a maximum percentage of the appraised value of the property. c) The appraiser's final estimated market value readily allows for an increase in settlement costs up to 10% before the closing. d) A successful closing can be highly dependent on the appraiser's opinion of value.