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(1) Goldman Sachs is classified as a discount brokerage company, same as Charles Schwab, e-trade, TD Ameritrade, whose clients are mainly individual/retail investors; (II) Goldman

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(1) Goldman Sachs is classified as a discount brokerage company, same as Charles Schwab, e-trade, TD Ameritrade, whose clients are mainly individual/retail investors; (II) Goldman Sachs proposed to acquire E-trade, which will trigger DOJ's investigation due to antitrust concern. Select one: a. (1) is true; (II) false. b. () is false; (II) true. c. Both (1) and (II) are true. d. Both (1) and (II) are false. on Current (1) Net worth is the difference between current assets and current liabilities. (II) Because of the moral hazard problem, lenders will write debt covenants that restrict certain activities of borrowers Select one: a. (1) is true; (II) false. b. (1) is false; (II) true. c. Both (1) and (II) are true. d. Both (1) and (II) are false

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