1. There are four general types of financial statement audit reports: examinations, reviews, agreed-upon procedures, and compilations. Explain the nature of and purpose for of each type of financial statement audit report.
2. Beef Co. in one year is expected to trade at $23 per share. And is expected to pay a dividend of 20 cents at the end of the year. If investments with equivalent risk have an expected return of 9%, what is the most you should pay for a Beef Co. stock today ? What is the dividend yield and capital gain rate of this investment?