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Author Question: Investor A owns 10 of the common stock of IDE Corporation. After IDE completes a 2-for-1 stock ... (Read 117 times)

Pineappleeh

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on: Jul 10, 2018
Investor A owns 10 of the common stock of IDE Corporation. After IDE completes a 2-for-1 stock
  split, Investor A will own 20 of the common stock of the corporation.
 
  Indicate whether the statement is true or false

Question 2

An 8 percent preferred stock with a market price of 110 per share and a 100 par value pays a cash dividend of ________.
 
  A) 4.00
  B) 80.00
  C) 8.00
  D) 8.80
  E) 32.00

Question 3

Which of the following statements is FALSE?
 
  A) The APR can be referred to as a promised annual percentage rate.
  B) Although an APR is quoted on an annual basis, interest can be paid quarterly.
  C) The period in which interest is applied or the frequency of times interest is added to an account each year is called the compounding period or compounding periods per year.
  D) Although an APR is quoted on an annual basis, interest can be paid monthly but never daily.


djofnc

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Reply #1 on: Jul 10, 2018
Answer to Question 1

FALSE

Answer to Question 2

Props to you, cheers.

Answer to Question 3

Answer: D
Explanation: D) Interest CAN BE PAID DAILY (even though it may not be the common mode of payment).


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Pineappleeh

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Reply #2 on: Jul 10, 2018
Thank you


djofnc

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Reply #3 on: Jul 10, 2018
No problemo


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