Question
11 --The ___________________________right means that you can sell or gift your common stock to anyone 12 --How is the current yield as reported in newspapers
11 --The ___________________________right means that you can sell or gift your common stock to anyone
12 --How is the current yield as reported in newspapers and the web computed?
13 --5% preferred with a par of 500 will pay a quarterly dividend of____________.
14 --If the preferred mentioned in 13 above should yield 12%, what is its market price?
15 --A ___________________preferred, changes its dividends in order to maintain its _______________.
16 --A preferred issue that will repay any arrearage on its dividends will have the following term on their certificate.______________________.
17 --T or F: If you owned a share of cumulative preferred and it skipped 2 years of dividends and you sold it. Then, three years later, it decides to pay back the prior years dividends, you will get your dividends back.
18 --_______________________is a credit rating agency.
19 --Becker Corp issues a 12% stock dividend on the 750,000 outstanding shares. If the current price is $30 per share, what is the average price after the dividend?
20 --Excel Corp is raising $55 million dollars with a preemptive rights offering. The subscription price is $50 and the stock currently trades for $55 per share. The total number of shares outstanding is 20 million and you own 10%. a) How many shares do you own? b) How many new shares will be issued? c) How many preemptive rights will be issued?
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