1. The main reason for the recent migration of a large number of firms from public-to-private ownership is:
A. blue-sky laws.
B. the Sarbanes-Oxley Act.
C. International Accounting Standards (IAS).
D. the advent of shelf registration.
2. YGTB, Inc., currently has an EPS of $1.40 and an earnings growth rate of 6 percent. If the benchmark PE ratio is 19, what is the target share price five years from now?