Jane is a board member of X Corp. and she is interested in personally investing in a startup that is in a similar line of business as X Corp. If Jane wants to invest without fiduciary liability she must: a. First disclose the opportunity to the other board members of X Corp. b. Obtain permission from the board of X Corp. to pursue the opportunity c. First disclose the opportunity to the other board members of X Corp and obtain permission from the board of X Corp. to pursue the opportunity d. None of these are correct

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.