An interesting form of debt security, known as _________________, allows the issuer to avoid paying cash to the debt holder for interest prior to the debt's maturity. The only cash payment from the debt issuer comes at maturity, when the debt's face value is repaid to security holder.

A. Callable bonds

B. Zero coupon debt

C. Convertible debt

D. Collateral provisions

Capital expenditures are a specific component in the discounted or capitalized net cash flow methods. When using a market comparison approach to valuation, capital expenditure requirements may influence:

A. Valuation multiples chosen if the subject company's capital expenditure requirements are significantly different relative to guideline companies

B. Growth in working capital

C. Excessive or inadequate working capital

D. Net working capital

Which one of the following is/are example/s of normalizing adjustments?

A. Adequacy of allowance and reserve accounts

B. Non-depreciation methods and schedules

C. Policies regarding capitalization or expensing of various costs (adjust to industry norms)

D. Changes in capital structure

"In computing the book value per share of stock, assets of the investment type should be revalued on the basis of their market price and the book value adjusted accordingly." This statement explains:

A. Weight to be accorded various factors

B. Revenue ruling

C. Average factors

D. restrictive agreements

If the funding of the forgoing requirements has been provided for through life insurance taken out in prior years that insurance should be reviewed as to both amount and type. The necessary amounts of insurance can change for several reasons. All of the following are those reasons EXCEPT:

A. Inflation

B. Increased value of the business

C. Makeup of business ownership

D. Potential earnings