18 Wonderland company has the following figures: value of entire company $10,500,000 value of debt 3,500,000 and value of preferred stock $1,000,000. What is the stock price if you know that the company has 300,000 outstanding common stock? * (1 Point) $20.00 $15.00 $28.00 $10.00 19 Regarding the Leverage analysis find the Times Interest Earned Ratio, if the EBIT = $500,000 and the Interest = $10,000 :* (1 Point) 50 510,000 0.02 None of the above 20 All of the following features may be characteristic of preferred stock EXCEPT * (1 Point) callable no maturity date tax deductible dividends O pays fixed dividend 21 securities are first issued through the: (1 Point) primary market. secondary markets over-the-counter (OTC) market Eurocurrency market 22 * Holders of equity capital (1 Point) own the firm O receive interest payments O receive guaranteed income have loaned money to the firm 23 For the risk-seeking manager, no change in return would be required for an increase in risk. (1 Point) True False 24 Combining negatively correlated assets can reduce the overall variability of returns (1 Point)