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Case-Based Critical Thinking Questions Case 8-3 You have been using a variety of nested IF functions to calculate costs in your spreadsheet when a colleague stops by and comments on what you have been working on, suggesting that there is an easier approach to use. If you omit the range_lookup value from a LOOKUP function, which of the following is true?
Equity Securities
Financial instruments that represent ownership in a company, such as stocks, granting holders a claim on the company's assets and earnings.
Financial Assets
Assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and other investments.
Derivative Securities
Financial instruments whose value is derived from the value of an underlying asset, such as futures, options, and swaps.
Consumer Durables
Goods that are not consumed with their use and can be used over a longer period, such as appliances, vehicles, and electronics.
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