1. A particular federal criminal statue gives Nick a private right of action to sue for money damages against company A. the case will be filed in _______
federal courts of appeals
federal district courts
bankruptcy courts,
the united states supreme court
the source. this is for legal issues in forensic accounting class
2. You recently purchased a stock that is expected to earn 13 percent in a booming economy, 7 percent in a normal economy and lose 5 percent in a recessionary economy. There is a 16 percent probability of a boom, a 75 percent chance of a normal economy. What is your expected rate of return on this stock?
6.88
7.78
5.00
5.66
7.17