You have just won the Publisher's Clearinghouse lottery of $50,000 per year for twenty years with the first payment one year later followed by nineteen more end-of-the-year cash flows. As an alternative, you are offered a lumpsum lottery payment of $679516.3172 today. What is the interest rate such that you will be indifferent between the two options

Which of the following statements accurately describes how costs and benefits are calculated?

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)