An investment involves an upfront expenditure of $25 and cash inflows of $5, 10, 15 and 20 in the following 4 years respectively. The cost of capital is 10%. What is this investment's regular payback period?

Advantages of operating a wholly owned subsidiary overseas include all of the following EXCEPT:

A. Companies may share the control of the use of their technology B. Companies share the costs of operating overseas C. Companies can realize higher production costs by relocating D. Companies singularly control the risks of overseas operations E. None of the above are advantages of wholly owned subsidiaries

Which statement is true regarding overconfidence?

A) Overconfidence leads to trading too often. B) Overconfidence afflicts women more often than men, and it also leads women to trade too often. C) Overconfident investors think they can beat the market. D) Both A and C