4. If a company expects to sell 4,500 units, has a DOL of 2 and
a % change in Operating Cash Flow of 22% (positive), how many units
did they actually sell?
a. 400
b. 440
c. 4,440
d. 4,995
e. None of the above
5. Which of the following is FALSE about the
efficient markets hypothesis?
a. EMH implies that the market has already
incorporated characteristics such as dividend policy into its
price.
b. EMH is the idea that actual capital markets, such
as the NYSE, are...