Fin 605 quiz 1 Study guides, Class notes & Summaries
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Exam (elaborations) FIN 605 (FIN605) Quiz 1 Answered Fall 2024.
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Quiz 1 
Insider trading is defined as 
 a zero-plus game 
 an individual buying or selling on the basis of material nonpublic information 
 an individual buying or selling using non-SEC disclosure rules 
 an individual using proper trading rules 
The primary objective of the firm is: 
 social responsibility 
 profit maximization 
 long run survival 
 shareholder wealth maximization 
If a firm shows an accounting net income, then 
 it will be able to repay all current l...
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