(LO 8-3) Go to Loughran and McDonald’s sentiment word lists at https://sraf.nd.edu/textual-analysis/resources/ and download the Master Dictionary. These lists are what they’ve used to assess sentiment in financial statements and related financial reports. Select the appropriate category

(Litigious, Positive, Both, or None) for each given word below, according to the authors’ word list.

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Word 1. BENEFIT 2. BREACH 3. CLAIM 4. CONTRACT 5. EFFECT 6. ENABLE 7. SETTLEMENT 8. SHALL 9. STRONG 10. SUCCESSFUL 11. ANTICORRUPTION 12. DEFENDABLE 13. BOOSTED Category