An example of a current return is:
A)
a quarterly dividend received from a common stock.
B)
the price appreciation of a common stock.
C)
the sale of a common stock at a profit.
D)
the sale of a common stock at a loss.
A
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Which of the following statements regarding a conditionally renewable policy is NOT correct?
A) The insured has the conditional right to renew the policy up to a given date. B) The insurer may refuse to renew the contract as the result of the insured's retirement. C) The insured has the conditional right to renew the policy up to a given age. D) The insurer may refuse to renew the contract as the result of the insured's deteriorating health.
A buyer makes an offer to purchase a property listed for sale and does not state in the offer a specific expiration date. Which of the following statements would be TRUE concerning this situation?
A. The offer can be withdrawn by the buyer. B. The offer can be withdrawn by the buyer anytime prior to communication of acceptance. C. The offer would be valid for seven business days. D. The offer would not be valid as it did not contain an expiration date.