true or false

The law requires public utility and state bond issues to be sold on a competitive basis because it results in a higher price than a negotiated offering.

Residual theory of dividend policy states that dividends are not paid until the company has exhausted its profitable investment opportunities.

The primary reason why most firms follow a stable dividend policy is because

Which of the following is a service provided by an investment banker to the issuer of a security?

The investment banker provides the security issuer with three services: (1) advice and counsel, (2) underwriting, and (3) selling.

Some argue that stock dividends are generally used to conserve cash while stock splits are usually utilized for a considerable increase in the number of common shares outstanding.

Book value of common stock _______ its market value

How long does it take to triple $455.55 if money grows at 7 percent compounded annually?

A bond's yield to maturity is the rate of return that equates the present value of principal and interest payments to the ------

An increase in common stock may be disadvantageous to the existing stockholders of the issuing company because it involves possible dilution of both earnings and control.

The authorized stock of a company represents the maximum number of common shares that the company can reacquire under the terms of corporate charter.

If the company desires to reduce its risk of bankruptcy, debt financing is better than stock financing.

The preemptive right is a provision that gives the current managers a right to buy a specified number of common shares.

Par value of common stock ________ its market value

Floating-rate bonds carry variable interest rates, which mean that the interest paid on the bond changes as market interest rates change.