An example of the curse of knowledge is a:
a. professor who believes his or her teaching ratings are higher than they actually are.
b. professor who understands an idea perfectly, but cannot explain it clearly to students.
c. team member who knows a potentially damaging piece of information, but cannot reveal it to the team.
d. leader who knows how to solve a problem, but must let the team solve the problem themselves.
b
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Bonds that can be redeemed at par at the option of their holders either at specific date after the date of issue and every 1 to 5 years thereafter or when and if the firm takes specified actions such as being acquired, acquiring another company, or
issuing a large amount of additional debt are called ________. A) zero coupon bonds B) junk bonds C) floating-rate bonds D) putable bonds
A firm has $3 million market value and it sells preferred stock with a par value of $100. If the coupon rate on the preferred stock is 8% and the preferred stock trades at $92, what is the cost of preferred stock capital?
A) 8.26% B) 8.70% C) 9.13% D) 9.57%