1. A stock's par value is represented by the:

A) Maturity value of the stock

B) Price at which each share is recorded

C) Price at which an investor could sell the stock

D) Price received by the firm when the stock was issued

2. Which one of these accounts is a source of internal funding?

A) Retained earnings

B) Common Stock

C) Bonds payable

D) Preferred stock

3. An efficient capital market is one in which:

A) All securities that investors desire are offered

B) All transactions are closed within two business days

C) Current prices reflect all current information

D) The lowest interest rates are offered