33.

• The present value of a $25,000 perpetuity at a 14 percent discount rate is ________.

$178,571

$219,298

$350,000

$285,000

34.

Which of the following is true of a primary market?

It is an organized market in which all financial derivatives are traded.

It is a market where smaller, unlisted securities are traded.

It is regulated by The Sarbanes-Oxley Act.

It is the only market in which the issuer is directly involved in the transaction.

35.

The 2002 Sarbanes-Oxley Act was designed to ________.

eliminate the many disclosure and conflict-of-interest problems of corporations

limit the compensation that could be paid to corporate CEOs

provide uniform international accounting standards

provide the guidelines to minimize the tax

36.

Ratios provide a ________ measure of a company's performance and condition.

gross

definitive

absolute

relative