Kirby Puckett became the first 3,000,000 man in major league baseball in 1990. By 2008, A-Rod was bringing in 27,500,000 per year.
Did the annual change in the highest annual baseball salary rise more rapidly over this time period than from 1930 to 1990? Babe Ruth had the highest salary and made 80,000 in 1930.
A) Yes, because the annual rate of change was 29.17 in the more recent period and only 36.67 in the earlier period.
B) No, because the annual rate of change was 29.17 in the more recent period and 36.67 in the earlier period.
C) Yes, because the annual rate of change was 13.10 in the more recent period and only 6.23 in the earlier period.
D) There is not enough information provided to answer this question.
Question 2
Preferred stock is less risky than common stock, but more risky than debt.
Indicate whether the statement is true or false
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