1. ________________ businesses will be negatively impacted by a strong dollar.
a. Retailing
b. Import
c. Export
d. Automotive
2. The single most important issue in the stock valuation process is a company’s:
a. past earnings record.
b. historic dividend growth rate.
c. expected future returns.
d. capital structure.
3. The value of a stock is a function of:
a. future returns.
b. historic dividend growth rate.
c. most recent earnings per share.
d. past returns.
4. ___________ will most directly influence a company’s market value.
a. The state of the economy
b. The book value of its assets
c. The use of financial leverage
d. Its future cash flows
