Question
13. The common stock of ABC Corporation was trading at $50 per share on October 15, 2018. A year later, on October 15, 2019, it
13.
The common stock of ABC Corporation was trading at $50 per share on October 15, 2018. A year later, on October 15, 2019, it was trading at $80 per share. On this date, ABC's board of directors decided to split the company's common stock. Why do you think ABC's board of directors decided to split the company's stock?
a Option 1
b Option 2
14.
ABC Company issued Rs. 1,000,000 bonds at 2% discount . The interest rate on the bonds, is 6 percent annually. The amount of cash interest that the company will be required to pay semiannually.
a Rs. 60,000
b Rs. 600000
c Rs 30,000
d Rs.15000
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