What is the average annual return if over the past six years an investment returned 8.0%, 6.0%, -12.0%, -12.0%, 15.0%, and 7.0%?

A. -12.0%

B. 1.0%

C. 2.0%

D. 7.0%

A firms internally generated funds are calculated by:

A. subtracting depreciation from net income.

B. adding depreciation to net income.

C. adding dividends to net income.

D. subtracting dividends from net income plus depreciation.

Preferred stockholders:

A. have full voting rights.

B. receive a fixed dividend.

C. have priority over debtholders if the company goes out of business.

D. all of the above.

A stock split and/or a stock dividend will result in an:

A. increase in both the number of shares outstanding and the total assets of the firm.

B. increase in the equity value of the firm

C. increase in the total assets of the firm.

D. increase in the number of shares outstanding, but the value of the firms total assets is unchanged.