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The Treasury Manager of a chain of department stores wants to develop a medium-term forecast.

The Treasury Manager of a chain of department stores wants to develop a medium-term forecast. Management plans to open two new stores, and anticipates same-store sales to increase by 15%. Which of the following items can be predicted with the highest degree of certainty?

A.

Taxes on stock options

B.

New product sales

C.

Fixed bond interest payment

D.

Refranchising proceeds

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