TRUE OR FALSE:

*Assume you invested $1,000 in stock of XYZ two years ago. If the percent returns were +15% and -20%, in the first and second year, respectively, then your 2-year holding period return was $920 .(T/F)

*The market value of a firm refers to its book value. (T/F)

*Capital budgeting projects should include opportunity costs. (T/F)

*The required rate of return (CAPM) is the rate that makes the NPV of a project equal to zero. (T/F)

*The decision to accept or reject independent projects with equal useful life will be the same with the net present value rule or the profitability index rule. (T/F)