wuestion 11 4 pts Which of the following statements is CORRECT? Reducing the threat of corporate takeover increases the likelihood that managers will act in shareholders interests The managers of established, stable companies sometimes attempt to get their state legislatures to impose rules that make it more difficult for raiders to succeed with hostile takeovers. The creation of the Securities and Exchange Commission (SEC) has eliminated conflicts between managers and stockholders. Managers generally welcome hostile takeovers since the "raider" generally offers a price for the stock that is higher than the price before the takeover action started. Using restrictive covenants in debt agreements is an effective way to reduce conflicts between stockholders and managers. Question 7 4 pts You expect to receive $7000 when you graduate in 2 years. You plan to invest it at 10.8% until you have $79,000. How long will you wait from now? (Round to the nearest year)