Corporate Finance Crossword

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Across
  1. 3. purest and most basic form of corporate ownership
  2. 4. business owned by one person operated for their profit
  3. 7. an intermediary that channels savings into loans and investments
  4. 8. amount by which the sale price of an asset exceeds the purchase price
  5. 12. the art and science of managing money
  6. 15. long-term debt instrument used by governments and businesses
  7. 16. must be paid prior to payment of any dividends to common stockholders
  8. 17. a firm's chief financial manager
  9. 19. financial market in which preowned securities are traded
  10. 21. rate at which additional income is taxed
Down
  1. 1. the highest price offered to purchase a security
  2. 2. entity created by law
  3. 5. the chance that the actual outcome may differ from those expected
  4. 6. enables suppliers and demanders of long-term fund to make transactions
  5. 9. groups who have a direct economic link to the firm
  6. 10. periodic distribution of cash to the firm's stockholders
  7. 11. a firm's chief accountant
  8. 13. income from the sale of a firm's goods/services
  9. 14. a firm's taxes divided by its taxable income
  10. 18. group of institutions that engage in lending activities, much like traditional banks, but do not accept deposits
  11. 20. lowest price at which a security is offered for sale