24.A firm's external financing need is financed by which of the following? A. debt or equityB. retained earningsC. net income and retained earnings25.Time value of money teaches us that every business deal involves a tradeoff between: 26.Which one of the following compounding periods will yield the smallest present value given a stated future value and annual percentage rate?27.Which one of the following actions by a financial manager would most likely create an agency problem?28.Which one of the following best illustrates that the management of a firm is adhering to the goal of financial management? A. increase in the market value per share.B. increase in the number of shares outstanding.C. increase in the amount of the quarterly dividend.29.Shareholders probably have the most interest in which one of the following sets of ratios?
30.Which one of the following statements is correct?31.The process of determining the present value of future cash flows in order to know their worth today is called which of the following? 32.An ordinary annuity is best defined by which one of the following?A. increasing payments paid for a definitive period of time.B equal end of period payments at regular intervals over a stated time period.C. equal beginning of period payments at regular intervals of time on an ongoing basis.33.The cash flows investors receive from a bond are its ___________ and its____________.