Is the percentage of Purple Panda’s expected long-term cash flows consistent with the value cited in the professional studies? a. Yes, because 82.07% of the firm’s share price is derived from its expected long-term free cash flows. b. No, because the percentage of Purple Panda’s expected long-term cash flows is actually 17.93%. c. No, because only 62.76% of the firm’s share price is derived from its expected long-term free cash flows. d. Yes, because 72.22% of the firm’s share price is derived from its expected long-term free cash flows.

The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.