Grouper Inc. has $496,430 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $65,874 at the end of each year for 12 years, and the other is to receive a single lump-sum payment of $1,558,010 at the end of the 12 years. Which alternative should Grouper select? Assume the interest rate is constant over the entire investment.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.