Question
18) Below are quotes from four different Nasdaq dealers for Taggart Co. common stock. Which dealer has the best quote if you were looking to
18) Below are quotes from four different Nasdaq dealers for Taggart Co. common stock. Which dealer has the best quote if you were looking to buy this stock?
a) Dealer B bid $27.45 ask $27.60
b) Dealer C bid $27.55 ask $27.70
c) Dealer D bid $27.35 ask $27.55
d) Dealer A bid $27.40 ask $27.75
19) WallSmart Company had 2014 net income of $250 million. Its end of 2013 retained earnings figure was $1.1 billion. If the company paid $50 million in cash dividends to its common stockholders in 2014, what would be the amount of retained earnings at the end of 2014?
a) | $850 million |
b) | $800 million |
c) | $1.3 billion | |
| d) $1.05 billion |
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