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Author Question: Two assets whose returns move in the same direction and have a correlation coefficient of +1 are ... (Read 46 times)

neverstopbelieb

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on: Jul 10, 2018
Two assets whose returns move in the same direction and have a correlation coefficient of +1 are very risky assets.
 
  Indicate whether the statement is true or false

Question 2

Jennings, Inc. has a tax liability of 170,000 on pretax income of 500,000. What is the average tax rate for Jennings, Inc.?
 
  A) 34 percent
  B) 46 percent
  C) 25 percent
  D) 40 percent


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nathang24

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Reply #1 on: Jul 10, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


neverstopbelieb

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Reply #2 on: Jul 10, 2018
TY


nathang24

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Reply #3 on: Jul 10, 2018
Happy to Help


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