True or False: If P(A or B)= 1

question 101

True/False

True or False: If P(A or B)= 1.0, then A and B must be collectively exhaustive.

---

Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed on their income or property.

Bond Issue

A financing method for companies or governments to raise capital by issuing debt securities to investors, which are payable over a specified term.

Unlevered Firm

A company that operates without using borrowed money, relying solely on its own equity for financing.

After-Tax Net

The remaining income of a business or investment after all taxes have been deducted.