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  • The present value of an investment’s future cash flows divided by the initial cost of the investment is called the: #341
  • According to the IASB Framework, the main purpose of financial reporting is to: #342
  • In cases where capital must be rationed, a firm should rank projects according to their: #343
  • The three important sources of long-term finance are: #344
  • Ordinary shares in limited companies have: #345
  • Preference shares: #346
  • The theoretical ex-rights price is equal to the: #347
  • Which of the following is a characteristic of a debenture? #348
  • Debentures secured by … are the most secure form of investment. #349
  • Which of the following statements is not true of zero coupon bonds? #350
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