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22) Changes in the net working capital requirements: A) only affect the initial cash flows of a project. B) only affect the initial and final

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22) Changes in the net working capital requirements: A) only affect the initial cash flows of a project. B) only affect the initial and final cash flows of a project.ias tufe C) can affect the cash flows of a project ever n D) are excluded from project analysis as long as they are recovered when the project ends. E) are generally excluded from project analysis due to their irrelevance to the total project 23) The secondary market is best defined as the market: 23) A) conducted solely by brokers B) where outstanding shares of stock are resold. C) in which subordinated shares are issued and resold. D) dominated by dealers E) where warrants are offered and sold 24) You are considering a project and are concerned about the reliability of the cash flow 24) forecasts. To reduce any potentially harmful results from accepting this project, you should consider A) lowering the contribution margin per unit B) lowering the degree of operating leverage. c) lowering the operating cash flow D) increasing the fixed costs per unit. E) increasing the initial cash outlay 25) Which one of the following applies to a premium bond? A) Coupon rate> Yield to maturity> Current yield B) Coupon rate Current yield Yield to maturity C) Coupon rate Current yield> Coupon rate E) Coupon rate>Current yield> Yield to maturity 25)

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