A bond is listed in a newspaper at a bid of 110.73188. This quote should be interpreted to mean:

Select one:

a.

you can buy that bond at a price equal to 110.73188 percent of face value.

b.

the bond dealer is willing to sell that bond for a price equal to 110.73188 percent of par.

c.

you can sell that bond at a price equal to $110.73188 percent of face value.

d.

the bond will pay annual interest payments of 110.73188 per $1,000 of face value.

Corporation is expected to pay annual dividends of $1.70, $1.95, and $3.00 a share over the next three years, respectively. After that, the dividend is expected to remain constant. What is the current value per share at a discount rate of 14 percent?

Select one:

a.

$19.48

b.

$21.08

c.

$17.82

d.

$18.22

A stocks PE ratio is primarily affected by which three factors?

Select one:

a.

accounting practices, opportunities, and the market rate of return

b.

risk, opportunities, accounting practices

c.

accounting practices, market rate of return, risk

d.

market rate of return, risk, opportunities