A.the investment manager only purchases high yielding instruments.

B.of the economies of scale.

C.invested funds are locked in for a specific period of time.

D.there is no diversification.

A.distribute corporate income to investors.

B.maintain adequate retained earnings for future growth.

C.balance tax shield benefits against agency costs.

D.maximize shareholder value.

A.they offer tax advantages to corporate investors.

B.their dividends are paid before common stock dividends.

C.they have a guaranteed return of principal at maturity.

D.their dividend rate is reset periodically.

A.ACH

B.SWIFT

C.CHIPS

D.Giro system

A.a large and active institutional investor base acting on behalf of individual investors.

B.stockholders who allow management to take actions that will benefit management.

C.the internal audit function reporting to the audit committee of the board instead of to management.

D.management's use of a fiduciary agent for stockholders.