Hard capital rationing refers to the rationing a

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17. “Hard” capital rationing refers to the rationing . a. imposed by external factors. b. imposed internally by the shareholders. c. always imposed by competitors. d. always imposed by debtholders. b 18. Due to asymmetric information, the market fears that a firm issuing securities will do so when the stock is . a 19. Pursuing valuable ideas is the best way . a 20. In efficient markets like the U.S., you should think long and hard before you conclude that a market price is . d 21. Which of the following is a capital budgeting options? a. the abandonment option b. past investment opportunities c. the postponement option d. a & c c 22. Which of the following statements is true? for borrowing from outside sources. the fact. c 23. Which of the following statements (if any) is true? for borrowing from outside sources.
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investment possibilities in the future that result from a current opportunity or operation. b 24. Which of these statements is true? in the future that result from a current opportunity or operation. possibility of stopping the project earlier than originally planned. expansion. d 25. Which of these statements is true? a. A postaudit is a set of procedures for evaluating a capital budgeting decision after the fact. b. When a firm makes a capital budgeting decision, one option to consider is the possibility of stopping the project earlier than originally planned. c. The postponement option is the option to postpone, rather than cancel, an expansion. d. all of these c
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