Answer:
60,000,000
Explanation:
Dye trucking raised $85 million to buy stock
After the recap Dye's stock price is $8.50
Dye share had 70 million share before the recap
Therefore the number of shares present after the recap can be calculated as follows
= 70,000,000-(85,000,000/8.50)
= 70,000,000-10,000,000
= 60,000,000
Hence the number of shares after the recap is 60,000,000
Answer:
B) Freedom of choice and enterprise are essential elements of the market system.
Explanation:
A free market system is a system where private parties (suppliers and consumers) decide how resources will be allocated. Consumers are free to decide whether they like or not a product and whether they will purchase it or not. On the other hand, producers are free to decide whether to produce one product or a totally different one, and at what price they want to sell it. Te free market system is extremely efficient in getting goods to consumers that value them the most.
There are no kings in a free market system, and though it is very efficient in creating overall wealth, it is not efficient in distributing wealth and income.
Answer:
Bought stocks on credit, thinking the value could only increase.
Explanation:
Currently the securities and exchange commission (SEC) defines buying stocks on credit as buying through a margin account. This was a very common before the 1929 stock crash since investors speculated that the price of stocks would keep increasing. The notion that the stock prices could fall was not something considered possible back then. So when the market stooped growing, and the price of stocks started to lower, investors couldn't pay their loans and even if the securities were held as collateral, their value collapsed. Some people made huge fortunes doing this, but others lost everything.
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