When reviewing the net present profile for a project,
A) the IRR will always be a point on the horizontal axis equal to the required return.
B) the higher the discount rate, the higher the IRR.
C) the IRR will always be a point on the horizontal axis line where NPV = 0.
D) the higher the discount rate, the higher the NPV.
C
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Why is it important to effect timely registration of a security interest?
A) It avoids the need to complete and file a disclosure statement B) It is a pre-requisite to a creditor being able to enforce the debt against the debtor C) It affects the creditor's tax liability D) The order of registration determines the order of priority of creditors E) All of the above
Commercial paper is ________
A) sold at its par value B) sold at a discount from its par value C) sold at the prime rate D) sold at a premium from its par value