In 2015,the SEC Adopted a Rule That Requires Public Companies

question 31

True/False

In 2015,the SEC adopted a rule that requires public companies to disclose the pay ratio of the median of the annual total compensation of all employees to the annual total compensation of the CEO.

---

Definitions:

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Future Value

The value of an asset at a specific date in the future, calculated from its present value using the expected rate of return.

Compounded Semiannually

Interest calculation method where interest is added to the principal amount twice a year, leading to interest on interest in the second half.

Simple Interest

Interest calculated on the principal amount of a loan or deposit, without compounding over time.