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4. An individual analyzing a firm's financial statements should do all but which one of the following? A) Use unaudited financial statements B) Perform a

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4. An individual analyzing a firm's financial statements should do all but which one of the following? A) Use unaudited financial statements B) Perform a trend analysis C) Perform a benchmark analysis D) Compare the firm's performance to that of its direct competitors Ch 5 5. Which of the following statements about the time value of money is true? A) The value of a dollar invested at a positive interest rate decreases over time. B) The further in the future you receive a dollar, the less it is worth today. C) A dollar in hand today is worth less than a dollar to be received in the future. D) The higher the rate of interest, the more likely an investor will elect to consume at present and forgo invest his funds

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