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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

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Answer: $9,000

Explanation:

Rule 144 is a regulation that governs the trading of restricted, unregistered, and control securities and is enforceable by the SEC.

Under the rule, the person, as an officer of the ABC Corporation is limited to selling the higher of 1% of the Outstanding stock the company has or the average weekly trading volume over the preceding 4 weeks.

1% of the outstanding 900,000 shares is;

= 1% * 900,000

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This is higher than the average weekly trading volume over the preceding 4 weeks so this is the maximum permitted sales figure.

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5 0
3 years ago
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C. 'Net' anything is total gain or loss.
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3 years ago
Select one advantage of an annuity for a lender. a.) There is less risk that the borrower will be unable to repay the loan. b.)
Lemur [1.5K]

Answer:

The best choice of the four listed is <u>option a.</u> There is less risk that the borrower will be unable to repay the loan.

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In an annuity loan, the payment plan is scheduled in many time intervals, meaning that you will have a lot of time to pay the lender money, no matter how small the amount is. The person borrowing is made to pay money, during this time window, many small amounts of money. Since the borrower will be paying small amount of money from time of time until he or she is done repaying, the lender has an advantage in this situation as they will not be losing money.

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