alternative: 2. MORE / LESS; MORE / LESS

Which of the following forms of financing does not exhibit a maturity date? Common stock Bank loans Debt In general, the observed market prices of a company's common stock exhibit _____volatility than the market prices of the issuer's bonds or preferred stocks. This is because the cash flows paid by the issuer's common stock may be _____variable than those paid to the issuer's bondholders or preferred shareholders. In European Satellite Corp.'s annual report, the company reports retained earnings of $1, 500,000. The company has issued preferred stock with a par value of $11 per share. It has 250,000 shares of preferred stock outstanding and 420,000 shares of common stock outstanding. If the company reports total stockholders' equity of $6, 140,000 and no additional paid-in capital, what is the book value of European Satellite's common stock? $8.07 per share $11.00 per share $14.62 per share $3.15 per share