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B. peaks
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Answer: B
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NASDAQ system to NYSE volume gets to 90 percent or more. Speculative trading typically peaks at market peaks.
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The board of OKN is considering an investment opportunity that will require the company to borrow a large amount in month 10 of the current financial year and to invest it immediately in property, plant and equipment. This investment has a positive net present value that justifies the risk, but the directors are reluctant to invest in the project.
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C. The year's profit will be depressed by the amount of the investment.
D. The return on capital employed for the year will be reduced if the investment is made.
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C. I, III, IV, only
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