FIN 534 Final Exam Part 1 Set 1\t\u00a0\t\u00a0\t“\ufffd \ufffd \ufffd Question 1\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 BLW Corporation is considering the terms to be set on the options it plans to issue to its executives. Which of the following actions would decrease the value of the options, other things held constant?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 2\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 3\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Suppose you believe that Florio Company’s stock price is going to decline from its current level of $82.50 sometime during the next 5 months. For $5.10 you could buy a 5-month put option giving you the right to sell 1 share at a price of $85 per share. If you bought this option for $5.10 and Florio’s stock price actually dropped to $60, what would your pre-tax net profit be?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 4\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 5\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 6\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is most correct, holding other things constant, for XYZ Corporation’s traded call options?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 7\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 To help them estimate the company’s cost of capital, Smithco has hired you as a consultant. You have been provided with the following data: D1 = $1.45; P0 = $22.50; and g = 6.50% (constant). Based on the DCF approach, what is the cost of common from reinvested earnings?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 8\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? Assume a company’s target capital structure is 50% debt and 50% common equity.\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 9\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 A company’s perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price. What is the firm’s cost of preferred stock?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 10\t\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 11\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 12\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 You have been hired as a consultant by Feludi Inc.’s CFO, who wants you to help her estimate the cost of capital. You have been provided with the following data: rRF = 4.10%; RPM = 5.25%; and b = 1.30. Based on the CAPM approach, what is the cost of common from reinvested earnings?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 13\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t\u00a0\t“\ufffd \ufffd \ufffd Question 14\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 15\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Projects C and D both have normal cash flows and are mutually exclusive. Project C has a higher NPV if the WACC is less than 12%, whereas Project D has a higher NPV if the WACC exceeds 12%. Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 16\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 17\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Projects S and L are both normal projects with an initial cost of $10,000, followed by a series of positive cash inflows. Project S’s undiscounted net cash flows total $20,000, while L’s total undiscounted flows are $30,000. At a WACC of 10%, the two projects have identical NPVs. Which project’s NPV is more sensitive to changes in the WACC?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 18\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows.\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 19\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 20\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 21\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Collins Inc. is investigating whether to develop a new product. In evaluating whether to go ahead with the project, which of the following items should NOT be explicitly considered when cash flows are estimated?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 22\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following rules is CORRECT for capital budgeting analysis?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 23\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which one of the following would NOT result in incremental cash flows and thus should NOT be included in the capital budgeting analysis for a new product?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 24\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 25\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 A company expects sales to increase during the coming year, and it is using the AFN equation to forecast the additional capital that it must raise. Which of the following conditions would cause the AFN to increase?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 26\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Last year National Aeronautics had a FA\/Sales ratio of 40%, comprised of $250 million of sales and $100 million of fixed assets. However, its fixed assets were used at only 75% of capacity. Now the company is developing its financial forecast for the coming year. As part of that process, the company wants to set its target Fixed Assets\/Sales ratio at the level it would have had had it been operating at full capacity. What target FA\/Sales ratio should the company set?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 27\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 F. Marston, Inc. has developed a forecasting model to estimate its AFN for the upcoming year. All else being equal, which of the following factors is most likely to lead to an increase of the additional funds needed (AFN)?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 28\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 29\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 30\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 The capital intensity ratio is generally defined as follows:\t\u00a0\t\u00a0\tFIN 534 Final Exam Part 1 Set 2\t\u00a0\tFIN 534 Final Exam Part 1\t“\ufffd\u00a0 \ufffd\u00a0\u00a0\u00a0\t \ufffd \ufffd\u00a0 The current price of a stock is $22, and at the end of one year its price will be either $27 or $17. The annual risk-free rate is 6.0%, based on daily compounding. A 1-year call option on the stock, with an exercise price of $22, is available. Based on the binomial model, what is the option’s value? (Hint: Use daily compounding.) \ufffd \ufffd \ufffd\u00a0\u00a0 \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 2\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Cazden Motors’ stock is trading at $30 a share. Call options on the company’s stock are also available, some with a strike price of $25 and some with a strike price of $35. Both options expire in three months. Which of the following best describes the value of these options? \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 3\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 4\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Suppose you believe that Florio Company’s stock price is going to decline from its current level of $82.50 sometime during the next 5 months. For $5.10 you could buy a 5-month put option giving you the right to sell 1 share at a price of $85 per share. If you bought this option for $5.10 and Florio’s stock price actually dropped to $60, what would your pre-tax net profit be? \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 5\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 BLW Corporation is considering the terms to be set on the options it plans to issue to its executives. Which of the following actions would decrease the value of the options, other things held constant? \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0\t“\ufffd\u00a0 Question 6 \u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 7\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 8\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 9\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Burnham Brothers Inc. has no retained earnings since it has always paid out all of its earnings as dividends. This same situation is expected to persist in the future. The company uses the CAPM to calculate its cost of equity, and its target capital structure consists of common stock, preferred stock, and debt. Which of the following events would REDUCE its WACC? \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 10\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT?\u00a0\u00a0\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 11\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 12\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd\u00a0\t“\ufffd\u00a0 Question 13\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 14\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is NOT a disadvantage of the regular payback method? \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0 \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0\t“\ufffd\u00a0 Question 15\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows. \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 16\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Projects S and L are both normal projects with an initial cost of $10,000, followed by a series of positive cash inflows. Project S’s undiscounted net cash flows total $20,000, while L’s total undiscounted flows are $30,000. At a WACC of 10%, the two projects have identical NPVs. Which project’s NPV is more sensitive to changes in the WACC? \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 17\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 The WACC for two mutually exclusive projects that are being considered is 12%. Project K has an IRR of 20% while Project R’s IRR is 15%. The projects have the same NPV at the 12% current WACC. Interest rates are currently high. However, you believe that money costs and thus your WACC will soon decline. You also think that the projects will not be funded until the WACC has decreased, and their cash flows will not be affected by the change in economic conditions. Under these conditions, which of the following statements is CORRECT? \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\t\u00a0\t“\ufffd\u00a0 Question 18\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Suppose a firm relies exclusively on the payback method when making capital budgeting decisions, and it sets a 4-year payback regardless of economic conditions. Other things held constant, which of the following statements is most likely to be true? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t“\ufffd\u00a0 Question 19\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 20\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following factors should be included in the cash flows used to estimate a project’s NPV?\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t“\ufffd\u00a0 Question 21\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 22\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 When evaluating a new project, firms should include in the projected cash flows all of the following EXCEPT: \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 23\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 To increase productive capacity, a company is considering a proposed new plant. Which of the following statements is CORRECT? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 24\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following is NOT a relevant cash flow and thus should not be reflected in the analysis of a capital budgeting project? \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd\u00a0\t“\ufffd\u00a0 Question 25\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 North Construction had $850 million of sales last year, and it had $425 million of fixed assets that were used at only 60% of capacity. What is the maximum sales growth rate North could achieve before it had to increase its fixed assets? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 26\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following assumptions is embodied in the AFN equation? \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 27\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 28\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 The Besnier Company had $250 million of sales last year, and it had $75 million of fixed assets that were being operated at 80% of capacity. In millions, how large could sales have been if the company had operated at full capacity? \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 29\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0 Question 30\t \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0 Which of the following is NOT one of the steps taken in the financial planning process?\u00a0\u00a0\u00a0\t\u00a0\tFIN 534 Final Exam Part 1 Set 3\t\u00a0\t“\ufffd \ufffd \ufffd Question 1\u00a0\t\u00a0\t \ufffd \ufffd\u00a0 An investor who writes standard call options against stock held in his or her portfolio is said to be selling what type of options? \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 2\u00a0\t\u00a0\t \ufffd \ufffd\u00a0 Suppose you believe that Basso Inc.’s stock price is going to increase from its current level of $22.50 sometime during the next 5 months. For $3.10 you can buy a 5-month call option giving you the right to buy 1 share at a price of $25 per share. If you buy this option for $3.10 and Basso’s stock price actually rises to $45, what would your pre-tax net profit be? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd \ufffd Question 3\t\u00a0\t \ufffd \ufffd\u00a0 Which of the following statements is CORRECT? \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\t“\ufffd \ufffd \ufffd Question 4\u00a0\t\u00a0\t \ufffd \ufffd\u00a0 BLW Corporation is considering the terms to be set on the options it plans to issue to its executives. Which of the following actions would decrease the value of the options, other things held constant? \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\t \ufffd \ufffd\u00a0\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd\u00a0\u00a0\u00a0\u00a0&a<\/p>\n","protected":false},"excerpt":{"rendered":"
FIN 534 Final Exam Part 1 Set 1 \u00a0 \u00a0 “\ufffd \ufffd \ufffd Question 1 \ufffd \ufffd\u00a0 \ufffd \ufffd\u00a0 BLW Corporation is considering the terms to be set on the options it plans to issue to its executives. Which of Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-216902","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=216902"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216902\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=216902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=216902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=216902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}