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1. A court settlement awarded an accident victim four payments of $50,000 to be paid at the end of each of the next four years.

1. A court settlement awarded an accident victim four payments of $50,000 to be paid at the end of each of the next four years. Using a discount rate of 4%, calculate the present value of the annuity.

2.

Which form of business structure faces the greatest agency problems?

sole proprietorship

limited partnership

general partnership

corporation

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