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14. (3pts) Which of the following would NOT be considered a best practice for Boards of Directors seeking to protect shareholder interests? a) A significant

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14. (3pts) Which of the following would NOT be considered a best practice for Boards of Directors seeking to protect shareholder interests? a) A significant number of outside directors with no conflicts of interest (with few inside executives serving as directors). b) Directors who own a substantial number of shares of the company they direct c) Directors who seek to tie executive compensation to long term shareholder performance d) Directors who support targeted share repurchase plans "greenmail" and poison pills ,e) All of the above are considered a best practice 15. (3 pts) Assume a company has $10 million of long term debt with a weighted average interest rate of 6.5%. If the company elected to refinance this long term debt for short term debt at a 3.5% interest rate, what would be the impact on its financial ratios (holding all other variables constant)? a) The current ratio would decrease and the times interest earned ratio would decrease. b) The current ratio would decrease and the times interest earned ratio would increase. c) The current ratio would increase and the times interest earned ratio would decrease. d) The current ratio would increase and the times interest earned ratio would increase

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