Principles Of Corporate Finance Brealey 11th Edition Study Guide Graded A+

Limited Partnership (LP) {Ans: A partnership consisting of one or more general partners and one or more limited partners. Limited partners ar liable only for their investments.}Partnership {Ans: A business owned by two or more people. They do not pay income taxes, only personal income taxes.}Present Value (PV) {Ans: Value today of a future cash flow= Ct}Real Assets {Ans: physical property like gold, machinery, equipment, or real estate. They can be tangible and intangible.}Volatality {Ans: The difference between actual and expected return}Return on Equity {Ans: Net Income / Average Stockholders' Equity}