Answer:
6.000$ I think the answer is , I 'm not sure
The investment adviser would not be permitted to accept securities from a customer that are registered in customer name if administrator prohibit him from taking custody of customer, as per Securities and Exchange Commission.
As per the Securities and Exchange Commission, The Commission has amended the custody rule in accordance with the Investment Advisers Act of 1940. The amendments modernize the rule by bringing it in line with modern custodial practices and requiring advisers who have custody of client funds or securities to keep those assets in the custody of broker-dealers, banks, or other qualified custodians. The amended rule also defines "custody" and illustrates situations in which an adviser has custody of client funds or securities. The amendments are intended to improve client asset protection while reducing the burden on advisers who have custody of client asset.
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Answer:
$0.875
Explanation:
The computation of the stock price that changes upon the announcement is shown below:
As it given that
The corporate tax is 35%
So there is an effective disadvantage i.e. retention
Also, the stock price would be decline by 35% of cash
i.e.
= 35% × $250 million ÷ 100 million outstanding
= $0.875
Hence, the stock price is $0.875
Answer:
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