$**$True$/$false questions $**$

a$)$ APR interest includes compounding effect.

b$)$ Most M&As in U$.$S$.$ history were friendly, and the payment method was often cash.

c$)$ Stock A has a higher expected return and lower variance than stock B$.$ Including B in an efficient portfolio is questioned.

d$)$ In IPO pricing, dual$-$class stock tends to be undervalued compared to single$-$class stock.

e$)$ The value of a company is not independent of its structure due to the tax shield.