Q23 1 Point A general partner: Choice 1 of 5:cannot lose more than the amount of his/her equity investment. Choice 2 of 5:has more management responsibility than a limited partner. Choice 3 of 5:is the term applied only to corporations which invest in partnerships. Choice 4 of 5:faces double taxation whereas a limited partner does not. Choice 5 of 5:has less legal liability than a limited partner. Q24 1 Point You have a portfolio of two risky shares with diversification benefits. Which of the following is correct? Choice 1 of 5:The reason you have diversification benefits is that the returns move perfectly with one another . Choice 2 of 5:The reason you have diversification benefits is that the returns are too small. Choice 3 of 5:The reason you have diversification benefits is that the returns are too large to offset. Choice 4 of 5:The reason you have diversification benefits is that the returns are positively but not perfectly correlated with one another . Choice 5 of 5:None of the statements are correct Q25 1 Point When a market reacts to the announcement of a change in the firm's dividend payout is likely the: Choice 1 of 5:MM Proposition II. Choice 2 of 5:clientele effect. Choice 3 of 5:efficient markets hypothesis. Choice 4 of 5:MM Proposition I. Choice 5 of 5:information content effect