国际金融CorporateFinance3rdBerkDeMarzoSolution教材习题全解答案第一章.docxVIP

$2′(1- 0.4) = $1.20 is left to pay dividends. Once Chapter 1 The Corporation 1-1. What is the most important difference between a corporation and all other organizational forms? A corporation is a legal entity separate from its owners. 1-2. What does the phrase limited liability mean in a corporate context? Owners ’liability is limited to the amount they invested in the firm. Stockholders are not responsible for any encumbrances of the firm; in particular, they cannot be required to pay back any debts incurred by the firm. 1-3. Which organizational forms give their owners limited liability