Madison, who is 27, is interested in purchasing a car from the local dealership. What kind of insurance might be included when she finances her car?

In general, which of the following statements concerning treasury stock is true?

A. A corporation may not reacquire its own stock unless specifically authorized by its articles of incorporation. B. On issuance of new stock, a corporation has preemptive rights with regard to its treasury stock. C. Treasury stock may be distributed as a stock dividend. D. A corporation is entitled to receive cash dividends on its treasury stock.

The value of a stock is a function of

A) future returns. B) historic dividend growth rate. C) most recent earnings per share. D) past returns.