The Lily Ledbetter Fair Pay Act of 2009

question 67

Multiple Choice

The Lily Ledbetter Fair Pay Act of 2009

• A) requires that women be paid the same as men for their work.
• B) institutes a comparative value for the different kinds of work done by men and by women.
• C) requires that pay be "fair" rather than equal.
• D) resets the statute of limitations clock each time a discriminatory paycheck is issued.

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Definitions:

Discount Rate

This is the interest rate used in DCF evaluations to establish the current value of expected future cash inflows.

After-tax Cash Inflows

The amount of money a company receives from its operations after all tax obligations have been paid.

Required Return

The minimum rate of profit expected by investors for assuming the risk of investing in a stock or other types of securities.

Net Present Value

A calculation method used in finance to determine the value of a series of future cash flows in today's dollars, taking into account the time value of money.