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3 years ago

All of the following statements are true about preferred stock EXCEPT:

Business

1 answer:

Tju [1.3M]3 years ago

7 0

Answer:

The answer is: B) In most cases dividends are paid semi-annually

Explanation:

Preferred dividends:

are paid before common dividends,
usually yield higher rates,
and are paid in shorter terms.

In most cases they are paid on a monthly or quarterly basis. Semi-annual payments occur once every 6 months (or twice a year) and for preferred dividends that is usually considered a long time.

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Juno Markets is offering 900 shares in a Dutch auction IPO. The following bids have been received: How much will Bidder B have t

inn [45]

Answer:

$4,320.00

Explanation:

Calculation to determine How much will Bidder B have to spend to purchase all of the shares that have been allocated to him

Bidder B Cost = 300 *[900/(100 + 300 + 400+200)] *$16

Bidder B Cost = 300*[900/1,000)*$16

Bidder B Cost = 300*0.9*$16

Bidder B Cost = $4,320.00

Therefore The amount that Bidder B will have to spend to purchase all of the shares that have been allocated to him is $4,320.00

5 0

3 years ago

Galaxy Sales has sales of $938,300, cost of goods sold of $764,500, and inventory of $123,600. How long on average does it take

Rzqust [24]

Answer: 59 days

Explanation:

Given data:

Sales = $938,300.

cost of goods sold = $764,500.

inventory = $123,600.

Therefore:

How long does it take the firm to sell of it inventory.

Days available for sales in a year = 365

= 365 / ($764,500 / $123,600)

= 365 / 6.185

= 59.01 days

It would take the firm approximately 59 days to sell of it inventory.

4 0

3 years ago

Humbert believes that he is in control of his own destiny. If he works hard and keeps on working hard, he will be able to overco

kolezko [41]

<h2>Humbert <u>High internal </u>locus of control</h2>

Explanation:

Let us understand the term internal locus of control.

Internal locus is having a high belief on oneself. The term can be explained in deeper saying, a person belief himself that he is sole responsible for the result which is derived from his own action.

For eg:

Every person would be expecting his school results. So depending on the result like pass or fail, a person with high internal locus believe that, he has done well so he got pass, or he has not prepared properly so he failed.

6 0

4 years ago

Many new business owners prefer a limited liability structure because there are ________.

Misha Larkins [42]

Many new business owners prefer a limited liability structure because there are less liable at a loss towards the business. Personal assets are not needed to be sacrificed

3 0

4 years ago

Bond valuation [LO14-2] Your investment department has researched possible investments in corporate debt securities. Among the a

Sonbull [250]

Answer:

Bond Valuation

Other things being equal, the bond issue that offers the most attractive investment opportunity if it can be purchased at the prices stated is:

= BB Corp. bonds.

Explanation:

a) Data and Calculations:

Maturity period = 20 years

Issue date = January 1, 2021

Maturity date = December 31, 2040

Company Bond Price Stated Rate Annual Interest FV

1. BB Corp. $ 107 million 15 % $15 million $3,518,371,301.23

2. DD Corp. $ 100 million 14 % $14 million 2,827,106,832.58

3. GG Corp. $ 93 million 13 % $13 million 2,260,756,079.53

From an online financial calculator, the future values of the bonds are:

N (# of periods) 20

I/Y (Interest per year) 15

PV (Present Value) 107000000

PMT (Periodic Payment) 15000000

Results

FV = $3,518,371,301.23

Sum of all periodic payments $300,000,000.00

Total Interest $3,111,371,301.2

N (# of periods) 20

I/Y (Interest per year) 14

PV (Present Value) 100000000

PMT (Periodic Payment) 14000000

Results

FV = $2,827,106,832.58

Sum of all periodic payments $280,000,000.00

Total Interest $2,447,106,832.58

N (# of periods) 20

I/Y (Interest per year) 13

PV (Present Value) 93000000

PMT (Periodic Payment) 13000000

Results

FV = $2,260,756,079.53

Sum of all periodic payments $260,000,000.00

Total Interest $1,907,756,079.53

8 0

3 years ago