A corporation has the following features compared to a limited liability partnership:

a)	Easier to transfer ownership.

b)	harder to raise capital.

c)	Unlimited liabilities.

d)	Single taxation.

e)	all of the above.

A callable bond gives the issuer the right to

a)	market the issuers products using private communications.

b)	make phone calls to your home phone number.

c)	buy back the bond before maturity

d)	sell your bond to other investors

e)	use your bond as collateral to issue new bond

Dividends paid to common share holders

a)	have fixed amount

b)	grow at a fixed rate

c)	are guaranteed by the company

d)	can be delayed or even cancelled

e)	have higher priority than dividends paid to preferred share holders