d. Corperations and partnerships have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability, but the liability of all investors in the other types of businesses is more limited. e. The petentiat exists for agency conflicts between stockholders and managers. e 18. What's the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually? (C-4) 1 2 3 4 5 a. $1,819 1500 b. $1,915 c. $2,016 PV: 15000 10 N25x20 tlyr= d. $2,117 e. $2,223 and luckmann Co. issued 15-year, noncallable, 7.5% annual Lan honds is 5.5%. What is the cu