A security is a claim issued by a firm that pays owners interest, not dividends.

A security is a claim issued by a firm that pays owners interest, not dividends.

Which of the following statements is true? A. A security is a claim issued by a firm that pays ownersinterest, not dividends. B. A call option analyzes conflicts of interest and behaviorin a principal-agent relationship. C. An agent-manager can never make bad decisions. D. The difference between the value of one action and thevalue of the best alternative is called an opportunity cost.


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