Which of the following statements are true regarding the intrinsic value of a stock? It is the present value of the cash payoffs anticipated by the investor who buys the stock. It is the price that should be observed in a well-functioning stock market It is a theoretical value that is never actually observed in practice It is based on the recent historical returns of the stock

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships. c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

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