Stimpson Inc. preferred stock pays a $.50 annual dividend. What is the value of the stock if your
required rate of return is 10%?
A) $5.00 B) $.05 C) $.50 D) $50.00
A
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Which of the following is true of a fully disclosed agency?
A) The third party does not know the identity of the principal. B) The third party knows the name of the principal, but all transactions are done with the agent. C) The contract is between the principal, agent, and the third party. D) The principal is liable on the contract with a third party.
What is issued share capital?
A) The number of shares a corporation is authorized to issue by its charter B) The number of shares of all types a corporation has actually issued C) The number of voting shares a corporation can issue D) The number of voting shares a corporation has actually issued E) The total value of all shares of a corporation