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8) An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $52,000. You note that very similar cars are selling on the

8) An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $52,000. You note that very similar cars are selling on the open market for $87,000. You dont care for classic cars and would rather buy a new Ford Explorer for $35,000. What is the net value of buying the Cadillac?

31) Why is the stock price of a company an indication of the performance of the companys senior managers?

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