1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stealth61 [152]
3 years ago
5

Morgan Company issued cumulative preferred stock. What additional special feature(s) could also have been granted to preferred s

tock holders
Business
1 answer:
djyliett [7]3 years ago
8 0

Answer:

-The right to convert the shares to common shares

-The right to redeem the preferred shares for cash

You might be interested in
You bought one of Great White Shark Repellant Co.’s 5.8 percent coupon bonds one year ago for $1,030. These bonds make annual pa
defon

Answer:

total rate of return on the Bond = 9.40%

Explanation:

given data

coupon bonds  = 5.8%

bonds price =  $1,030

maturity time = 14 year

required return on the bonds = 5.1 percent

solution

we know here market price of the bond is Present Value of Coupon Payments + Present face Value  

so that face Valueof  bond = $1,000

and here annual Coupon Amount will be

annual coupon amount = $1000 × 5.80%

annual coupon amount = $58

and here Market Price of the Bond will be

Market Price of Bond = Present Value of Coupon Payments + Present face Value    ......................1

here Present Value of Coupon Payments  at PVIFA 5.10% and 14 Years

Present Value Annuity Inflow Factor (PVIFA) =  \frac{1-(1/(1+r)^t}{r}  ....2

Present Value Annuity Inflow Factor =  \frac{1-(1/(1+0.0510)^14}{0.0510}

Present Value Annuity Inflow Factor = 9.83566

and

Present Value Inflow Factor (PVIF) 5.10%, 14 Years= \frac{1}{(1+r)^t}   ...........3

Present Value Inflow Factor (PVIF) = \frac{1}{(1+0.0510)^14}

Present Value Inflow Factor = 0.49838

so

Market Price of Bond = ( $58 × 9.83566 ) + ( $1,000 × 0.49838 )

Market Price of Bond = $1,068.85

so total rate of return on the Bond will be

total rate of return on the Bond = [ { Annual Coupon Amount + ( Change in Bond Price ) } ÷ Current Price]  ...............4

total rate of return on the Bond = \frac{58+(1068.85-1030)}{1030}

total rate of return on the Bond = 9.40%

5 0
3 years ago
On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $52 million at par and classified the securit
sineoko [7]

Answer:

Transaction gain = $16 million

Explanation:

Given:

Purchase amount = $52 million

December 31, 2021, bonds value = $46 million

October 3, 2022, bonds sold = $62 billion

Computation:

Using multi-step approach

Transaction gain = October 3, 2022, bonds sold - December 31, 2021, bonds value

Transaction gain = $62 million - $46 million

Transaction gain = $16 million

5 0
3 years ago
Condensed financial data are presented below for the Phoenix Corporation:
dybincka [34]

Answer:

profit margin 7.77%

<em><u>Interpretation: </u></em> from evey dollar of sales the firm achieves almost 8 cent of net income

inventory turnover ratio 3.45

<em><u>Interpretation: </u></em>the inventory is sold 3 and a half times during the year

Explanation:

the profit margin is the quotient between net income and sales.

\frac{net \: income}{sales} = $profit margin

127,500 / 1,640,000 = 7.77%

the inventory turnover wil be the cost of good sold over the average inventory during the year

(312,500 + 257,500)/ 2  = 285,000

982,500 / 285,000 = 3,447368421

6 0
3 years ago
What are three causes and effects of the haymarket square riot
Ulleksa [173]
Effects:

increased anti-labour and anti-immigrant sentiment and suspicion of the international anarchist movement

Causes:

Haymarket Square turned into a riot after someone threw a bomb at police.
3 0
2 years ago
what are the eight areas of wellness and how can they can they be incooprated into someones daily life
zimovet [89]

Answer:

emotional, spiritual, intellectual, physical, environmental, financial, occupational, and social. Wellness can be compromised by lack of support, trauma, unhelpful thinking styles, chronic illness/disability, and substance use.

Explanation:

6 0
3 years ago
Other questions:
  • Wilson is currently operating at maximum capacity. The firm has a net income of $2,250, total assets of $24,600, long-term debt
    14·1 answer
  • On april 6, apple entered into a signed contract with bean, by which apple was to sell bean an antique automobile, having a fair
    8·1 answer
  • In the Solow growth model with population growth and labor-augmenting technological change, the break-even level of investment m
    6·1 answer
  • Determine the total cost for this plan given the following forecast:
    13·1 answer
  • Why are bonds known as fixed income investments?
    13·1 answer
  • If you were to sit in a local fast-food restaurant and record what people ordered, you would be using
    14·1 answer
  • You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit
    8·1 answer
  • Last week David spent $12,500 on advertising. This week he plans to spend twice as much. Next week he wants to spend half of wha
    12·1 answer
  • Hellooo, I need friends, also a huggggyyyyy!!!!
    9·2 answers
  • Admire County Bank agrees to lend Sheridan Brick Company $594000 on January 1. Sheridan Brick Company signs a $594000, 8%, 9-mon
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!