1. Select the value that is relevant for the computation of a corporation's book value.

   1. Par

   2. Current market

   3. Conversion

   4. Liquidation

2. Owner's Capital would indicate which form of business entity?

   1. Joint Venture

   2. Partnership

   3. Proprietorship

   4. Corporation

3. How is an investment banking firm compensated for underwriting an indirect stock issue?

   1. Fee/commission

   2. Ownership of shares

   3. Both a fee/commission and ownership of shares

   4. None of the above

4. Which of the following have been eliminated by some companies due to it placing unnecessary and cumbersome demands on management?

   1. Voting

   2. Dividends

   3. Preemptive

   4. Residual claim