1. Which of the following, if any, is an authorization of a shareholder to allow someone else to vote in his or her place?
a. Approval
b. Acknowledgement
c. Proxy
d. Permissive voucher
e. There is no such document because a shareholder may not allow someone else to vote in the shareholder's place.
2. In what case will using dividends expected to be paid to shareholders yield the same valuation for the firm as using free cash flows expected to be generated by the firm?