1. One of the reasons a firm may choose to repurchase previously sold common stock is to provide non-taxable income to investors as opposed to paying them taxable dividends. true or false
2. The financial areas of decision-making include the areas of capital acquisition and capital planning. true or false
3. Please think of and share real world personal finance or business problems where time value of money applies. Describe the situation or problem, and how time value of money is involved.