For Proposal 3, the tax effect on the sale of the existing asset ...

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For Proposal 3, the tax effect on the sale of the existing asset results in ________. (See Table 11.2)
 
  A) 8,000 tax liability
  B) 16,000 tax liability
  C) 20,000 tax liability
  D) 23,200 tax liability

Question 2

High-risk, high-yield junk bonds have declined in popularity over time due to ________.
 
  A) the decline in mergers and takeovers, which these bonds were used to finance
  B) the declining need of growth capital
  C) the stabilizing of interest rates
  D) a number of major defaults on these bonds

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Answer to Question 1

B

Answer to Question 2

D

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Correct answers!

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