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Kipish [7]
3 years ago
15

To satisfy MSRB disclosure requirements for new municipal issues, a customer would be provided with a copy of the: A legal opini

on B official notice of sale C prospectus D official statement
Business
1 answer:
Lorico [155]3 years ago
7 0

Answer:

B. Official note of sale.

Explanation:

An official note of sale is a disclosure document for new issue municipal bonds. These bonds, when sold by the issuer, must ensure that an officail not of sale is distributed to all purchasers before or at the settlement. The notice of sale is distributed by underwriters.

Cheers.

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Rachel's Designs has 1,100 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
gladu [14]

Answer:

The dividend payable to the cumulative preferred stock holers in 2021 is $11,550 while the amount payable to common stock holders is $1,450.

Explanation:

Cumulative preferred stock dividends accrue and becomes payable when the reporting entity has favourable cash flows. Rachael Designs plans to make payment of $13,000 dividends in 2021. As the annual cumulative preferred dividend is $3,850 (1,100 shares x $50 x 7%), the amount due over three years will be $3,850 x 3 whcih is $11,550. Thus, out of the proposed cash outflow of $13,000, the amount of $11,550 will be paid to cumulative preferred stock holders while only $1,450 will be paid to the common stock holders.

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3 years ago
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Which of the following is a type of sales promotion?
galben [10]
All of these is your answer
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About two-thirds of all U.S. commercial banks are chartered by the state in which they are based.The banks are called _________
erastova [34]

Answer:

State.

Explanation:

About two-thirds of all U.S. commercial banks are chartered by the state in which they are based.The banks are called state banks.

A state bank can be defined as any bank that receives or got its charter from a state government but not the federal government of the United States of America. In the United States of America, a state bank reserves the right to either be a member of the Federal Reserve System ("The Fed") or not and as such, can only do business within the state and be regulated by the state where it is operating.

<em>Some examples of state banks in the United States of America are California Bank of Commerce, CalPrivate Bank, United Pacific Bank, Citizens Business Bank etc. </em>

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