The difference by which the required discount rate exceeds the risk-free rate is called the ________.
A) excess return
B) risk premium
C) inflation premium
D) maturity premium
Question 2
The average tax rate of a corporation with ordinary income of 105,000 and a tax liability of 24,200 is ________.
A) 46 percent
B) 23 percent
C) 34 percent
D) 15 percent