Question
Boeing is a corporation with stock traded on the New York Stock Exchange. On average, about 3.2 million shares of Boeing change hands each day
Boeing is a corporation with stock traded on the New York Stock Exchange. On average, about 3.2 million shares of Boeing change hands each day as stockholders buy and sell share of stock. The price of the stock at the close of business on October 17, 2018, was $365.50 per share and there are about 574 million shares outstanding. Boeing has $92.3 billion in assets and about $91.9 billion in debt and in its most recent fiscal year, it earned about $8.2 billion in net income. Which of the following is correct? MARK ALL THAT APPLY.
A. The company could decide to send some of the net income that was earned to the stockholders in the form of dividends. | |
B. If Boeing were to decide to go out of business and sell all of its assets and use the proceeds to pay down all of its debt, the stockholders would get what remains (if anything). | |
C. The stockholders each directly own a pro rata share of the companys assets. | |
D. Each stockholder will receive a check for their share of the $8.2 billion in net income. |
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