Finance is generally thougt of as three distinet but Comprises a series of payments of equai amounts equal intervails for a specified number of per 5 An annuity has all of the characteristics except Can be structured as an arnuity due or an D Solely related A firm's principal goal should be to maximize the wealth of its stockholders, which means maximizing the value of its stock A Company's stock decreases over time B Company's stock increases over time C The overall stock market is increasing D Company's stock remains stable over the long run 7 Stockholders are most happy when TRUE The concept of Time Value of Money refers to the fact that money becomes less valuable over time due to inflation 8 FALSE TRUE g A public company's Board of Directors are accountable to theA FALSE company stockholders TRUE The CFO is actually an irrelevant position in a company since everything is done by the CEO and COO A 10 FALSE