Answer: B. Bought the bonds from Dalrymple and sold them to the public
Explanation:
Investment Banks help companies issuing new securities in diverse ways to ensure that they raise the capital they are looking for. Some of the ways they help include; underwriting securities and market research. The main way they help companies issuing new securities however, is underwriting.
With Underwriting, the Investment Bank usually buys all the securities on offer from the Issuing company, then sells them at higher price to make a profit. This helps the issuing company because they get to sell all or most of their securities so it reduces uncertainty.
The Commonwealth Bank of Australia therefore bought the bonds from Dalrymple and sold them to the public.
Answer:
a. Open market sale of $30 billion
b. Open market purchase of $15 billion
Explanation:
Answer:
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Answer: d. Total contributed capital on the balance sheet
Explanation:
When Common stock is issued this is known as a Paid-In Capital. If there is an excess over the par value, this will be an additional amount and so will be recorded in the Additional Paid-In Capital account.
This account is on the Equity side of the balance sheet and will form part of the capital contribution to the company because it was given to the company by shareholders.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
