Which statements are TRUE about the "red herring" preliminary prospectus? a. it is used to solicit indications of interest
b. it use terminates when the 20-day cooling off period expires
c. it contains the final offering price of the issue
d. it is not considered to be an "offer" of the issue

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)