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Which of the following statements is NOT correct? Stockholders have no legal recourse if dividends are not paid. An all equity firm can file for
Which of the following statements is NOT correct? Stockholders have no legal recourse if dividends are not paid. An all equity firm can file for bankruptcy. Bond holders do not have any voting rights. Dividends payments are NOT considered a cost of doing business and are not tax deductible. Suppose a company had earnings per share of $1.64 over the past year. The industry average Price-to-sales ratio is 12.2 and PE ratio is 16. Use the information to value this company's stock price. $26.24 $20.01 $195.20 None of the above Which of the following statements regarding government bonds is correct? There is no default risk associate with municipal securities. Interest received from municipal securities is tax-exempt at the federal level. Municipal securities are federal government debt. Treasury securities are issued by the state and local governments
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