Answer:
True
Explanation:
The statement is true because according to dividend growth method the price of the given preferred stock is $81.25.
Formula to calculate the prce of share using Dividend growth method is
Price of share = D0 / (Rate of return - Growth rate)
In case of preferred stock a stable dividend is paid and there is no growth in the dividend payment.
so
Price of share = D0 / (Rate of return - 0)
Price of share = D0 / Rate of return
Share price = $6.5 / 0.08
Share Price = $81.25
Answer:
.E) A partner can commit or bind the partnership in any contract within the scope of the partnership business.
Explanation:
.E) A partner can commit or bind the partnership in any contract within the scope of the partnership business.
Mutual agency means that rights of all partners and authority committed or bind the partnership in any contract representing the business operations.
Any partner can act on behalf of the others and acts of each of the partners is binding for all the partners.
Choices A, B ,D are all characteristics of partnership but not mutual agency.
Try looking for the worksheet with the answer key
Answer:
No, Gerald should not be advertising properties to California citizens since that is considered soliciting. In order for Gerald to legally be able to solicit California citizens, he should hold a California real estate license. A Nevada license is not valid in California (nor any other state).
The answer is going to be negative
