1.Stock yield is found by the annual dividend divided by the:

	a.	Price-earnings ratio
	b.	Closing price per share
	c.	None of these
	d.	Opening price per share
	e.	Net change for the day

2.Preferred stock can:

	a.	Have equal rights to common stock
	b.	Never receive dividends in arrears
	c.	Never have preference to dividends over common stockholders
	d.	Be cumulative
	e.	None of these

3.

The price-earnings ratio is calculated by the closing price per share of stock divided by:

	a.	Net change
	b.	Annual earnings per share
	c.	None of these
	d.	Quarterly earnings per share
	e.	Dividend per year