Peter has successfully managed the finances of A.D. Leadbetter in a manner that has yielded abnormally high returns. Due to this success, Peter has decided to publish a newsletter for financial executives so that he can share his superior financial wisdom with others. There is a very real probability that Peter has which one of the following characteristics? Gambler's fallacy Frame dependence Overconfidence Representativeness heuristic Sentiment-based risk attitudes You are employed as a commission-based sales clerk for a cosmetics retail store. You know that, on average, exactly 50 percent of the customers that enter your store will make at least one purchase. Thus far this morning, you have waited on eight customers without making a single sale. You are convinced that the next customer you wait on will buy something. This belief is known as: Aversion to ambiguity. The law of small numbers? Anchoring and adjusting, Gambler's fallacy. False consensus. AB Industries is an all-equity firm that has $10 per share in cash and a book value per share of $12. At which one of the following market prices would you know with absolute certainty that the stock was mispriced? $9 $10 $11 O $12 $13 Corporate dividends are: Tax-free income because they represent a repayment of the cost to purchase corporate shares. Not taxed as shareholders pay taxes on corporate income when it is earned. Tax-free since the corporation pays tax on that income when it is earned. Taxed at both the corporate and the personal level when the dividends are paid. Taxable as personal income when received by shareholders even though that income was taxed at the corporate level. You are a hard-charging manager who doesn't really like to sit at a desk for too long. You prefer to gather information quickly, make a decision, and move on to the next item on your agenda. Which one of the following applies to you? Availability bias Arbitrage limits Law of small numbers Representativeness heunatic Regret aversion