A. The CEO first notices that he could always turn multiple negative cash flows into a single negative cash flow by adding all the negative cash flows together, getting that much money at time 0, and just holding onto it until he needs to make the payments. Calculate the IRR of the above cash flow stream if all the negative cash flows are moved to year 0

In a "dutch auction" for new stock, individual investors place bids for shares directly. each potential bidder indicates the price he or she is willing to pay and how many shares he or she will purchase at that price. the highest price that permits the company to sell all the shares it wants to sell is determined, and this is the "market clearing price." all bidders who specified this price or higher are allowed to purchase their shares at the market clearing price. true false