1. If the present value annuity factor at 10 percent for 10 years is 6.1446, what is the equivalent future value annuity factor?

Multiple Choice

• 3.1080

• 15.9375

• 2.5937

• 8.4132

2. In the principal-agent framework, the ultimate principles are

1. I) managers;
2. II) board of directors;
3. III) shareholders;
4. IV) governments

Multiple Choice

• I and II only

• IV only.

• III only

• I, II, and III only