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Problem 1: Which of the following is true regarding Trust Companies?
a. Practically anyone can establish, own, and operate a Trust Company
b. There are two different forms of Trust Company charters
c. State-charted Trust Companies have an advantage over federally-chartered ones regarding interstate operations
d. Regulation of trust companies is rather clear-cut
Calculate each project's NPV. Which project(s) should be accepted, if they are independent? Which project(s) should be accepted
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