The constant-ratio plan
A) requires the establishment of trigger points for portfolio rebalancing.
B) utilizes a predetermined ratio between desired current yield and expected capital gains.
C) strictly adheres to a buy-and-hold strategy.
D) is an attempt to time the cyclical movements of the market.
Answer: A
Business
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When a company indulges in charity, it is said to be undertaking a:
A. voluntary action. B. market action. C. mandated action. D. private action.
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A corporation has 4,000 shares, 10% preferred stock of $55.00 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the year is $260,000. Calculate earnings per share. (Round your answer to the nearest cent.)
A) $55.00 B) $29.75 C) $32.50 D) $65.00
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