Firms whose mission statement is central to all they do are known as missionary firms

Which of the following is required by federal law to be disclosed, although only for new construction?

A. Square footage and lot size B. Accessibility to utilities C. Type of thickness of insulation D. Selling broker's Commission

Climax Motors Corp is an all equity company with 40M shares outstanding. Climax's stock trades for $25. Climax has too much cash. The CEO, Trudy Ryder, wants to distribute the excess cash with an open market stock repurchase

She is contemplating buying back $10.9M worth of shares at a price of $25. Ricky Bobby owns 4 million shares of Climax. He purchased his shares before the repurchase for $25. If Ricky does not sell any shares during the repurchase, then what is his change in wealth from before to after the repurchase? A) -$2.50 million B) $0 C) $2.00 million D) $2.50 million E) $5.00 million