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DENIUS [597]
2 years ago
6

Recently, Hale Corporation announced the sale of 2.5 million newly issued shares of its stock at a price of $21 per share. Hale

sold the stock to an investment banker, who in turn sold it to individual and institutional investors. This is a secondary market transaction. True
Business
1 answer:
nasty-shy [4]2 years ago
4 0

Based on the fact that HALE sold the shares to an Investment banker, this cannot be said to be a secondary transaction. The statement is <u>False</u>.

<h3>What is a secondary market share transaction?</h3>

This refers to when shares have already been sold to individuals and institutional investors, and then these entities sell to other entities.

When a company sells directly to an investment bank which then sells it to others, this is a primary market transaction.

Find out more on primary market transactions at brainly.com/question/8017256.

#SPJ1

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k0ka [10]

Answer:

option (A) $12.00

Explanation:

Data provided:

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Returns earned = 20% of the cash investments

Now,

the total investment per package = $3.00 × 20 = $60.00

Thus,

the return on investment per package

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or

the return on investment per package = 0.20 × $60.00

or

the the return on investment per package = $12.00

Hence, the correct answer is option (A) $12.00

8 0
3 years ago
Carlos wrote a check for $44.92 to pay his gas bill. He’ll use the check register to record his transaction. What will be his ne
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Explanation:

415.01 - 44.92 = 370.09

3 0
4 years ago
Darius, Inc. has the following income statement (in millions): DARIUS, INC. Income Statement For the Year Ended December 31, 201
natulia [17]

Answer:

40%

Explanation:

Calculation to determine what percentage is assigned to Cost of Goods Sold

Using this formula

Cost of Goods Sold percentage=

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4 0
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liq [111]

Answer:

A. Set meters is the correct answer.

Explanation:

4 0
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SOVA2 [1]
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