part 1

part 2

part 3

Common stock can be issued by the following methods private placements competitive bidding best-efforts all of the choices negotiated underwriting Common stock financing has all of the following advantages except Choices 1 and 2 are disadvantages Choices 1 and 3 are advantages Choice 1: flexible Choice 3: dilution of ownership Choice 2: reduced risk of financial distress due to fixed obligations If an PVA Electronics Ine. bond has a coupon rate of 9 percent and is selling for $920, then the yield to maturity must be less than 9% O Cannot be determined equal to 9% O greater than 9%