The following question deals with the lemon problem and its effect on asset pricing. a. You are in the market for a used car. You know that the book value for the cars you are looking at is in the range 20,000 to 24,000. If you believe the dealer knows as much about the car as you, how much are you willing to pay? Explain.

b. You are in the market for a used car. You know that the book value for the cars you are looking at is either 20,000 or 24,000 with a probability of 50:50. If you believe the dealer knows as much about the car as you, how much are you willing to pay? Explain.

c. Now, you believe the dealer knows more about the cars than you do. How much are you willing to pay? Explain. [Note this is a follow up question to b.].

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)