Need A Tutor?    |   Need Homework Help?                                                                             Help and Support     | Join or Cancel

Chapter Tests             01  02  03  04  05  06  07  08  09  10  11  12  13  14  15  16 17 18  19  20  21  22                 Unit Test 01  02  03  04  05  06        

Homework Chapter    01  02  03  04  05  06  07  08  09  10  11  12  13  14  15  16 17 18  19  20  21  22

---

Preferred stock can:
Be cumulative
Have equal rights to common stock
Never receive dividends in arrears
Never have preference to dividends over common stockholders
None of these
 
Ace Corporation pays its cumulative preferred stock $1.95 per share. There are 40,000 shares of preferred and 80,000 shares of common.
In 2014, 2015, and 2016, because of slowdowns in the economy, Ace paid no dividends.
Now, in 2017, the board of directors has decided to pay out $600,000 in dividends. The common stockholders receive:
$312,000
$288,000
$366,000
$444,000
None of these
 
Dividends in arrears mean:
No past dividends have been omitted.
Preferred has been paid but not holders of common stock.
Common stock must receive additional dividends not paid.
A specific amount of dividends has not been paid.
None of these
 
The price-earnings ratio is calculated by the closing price per share of stock divided by:
Quarterly earnings per share
Dividend per year
Annual earnings per share
Net change
None of these
 
Stock yield is found by the annual dividend divided by the:
Opening price per share
Closing price per share
Price-earnings ratio
Net change for the day
None of these
 
Zolt Inc. (ZOLT) stock is selling for $8.22 per share with an EPS of .45 cents per share. What is Zolt's PE ratio? (Round to nearest tenth.)
18.3
19.5
8.3
20.0
None of these
 
Stocks are always quoted in:
Percents
Quarters of a dollar
Decimals
Quarter lots
None of these
 

---

Chapter Tests             01  02  03  04  05  06  07  08  09  10  11  12  13  14  15  16 17 18  19  20  21  22                 Unit Test 01  02  03  04  05  06        
Homework Chapter    01  02  03  04  05  06  07  08  09  10  11  12  13  14  15  16 17 18  19  20  21  22                 Need A Tutor?     Need Homework Help?

---

A stock price will rise if:
Supply of stock is greater than demand.
The price-earnings ratio is 10 or greater.
Stock yield is greater than 8%
Demand for stock is greater than supply.
None of these
 
Jangles Co. earned $1.80 per share. Assuming a closing price of $40, the PE ratio is:
(Round to the nearest whole answer)
7
22
72
20
None of these
 
Royal Co. receives a dividend of $4.88 per share. Today the closing price of the stock is $59.95.
The current stock yield to the nearest tenth of a percent is:
8.1%
8.0%
8.2%
8.3%
None of these
 
The stock of VIC Corporation is trading at $39.63. The price-earnings ratio is 16 times earnings.
The earnings per share for VIC Corporation are:
 
$2.84
$2.48
$4.96
$6.34
None of these
 
Commissions charged on the trading of stock are:
Only on buying of stock.
On buying and selling of stock
Only on sale of stock
Fixed
None of these
 
McDonald's Corp (MCD) stock is selling for $90.24 per share. They offer a dividend of $2.80 per share.
What is the stock yield? (Round to nearest tenth.)
3.1%
.031%
5.8%
.059%
None of these
2.80 / 90.24
 
A bond quote of 82.25 in dollars is equal to:
$82.25
$8.25
$8,025.50
$822.50
None of these
 
A bond that closed today at 94 down 2 closed yesterday in dollars at:
$960
$940
$950
$930
None of these
 
Abby Ring buys five bonds of Moe Co. 12 3/4 15 at 89.375 with a commission of $5.00 per bond. Her total annual interest is:
$127.50
$637.05
$1,275
$637.50
None of these
 
The bond of Tuckpeck is 8¼ 14. The bond traded for a high of 93.25 and closed at 93. The current yield of the bond to the nearest tenth of a percent is:
8.8%
8.7%
8.9%
8.6%
None of these
8.25 ÷ 93 = 0.0887 = 8.9%
The yearly interest of a bond is the face value of the bond:
Divided by the stated yearly interest rate.
Plus the stated yearly interest rate
Times the stated yearly interest rate
Minus the stated yearly interest rate
None of these
 
Bonds are usually in denominations of:
$100
$1,000
$10,000
$100,000
None of these
 
A mutual fund is made up of
Many stocks
10 stocks
100 stocks
500 stocks
None of these

Chapter Tests             01  02  03  04  05  06  07  08  09  10  11  12  13  14  15  16 17 18  19  20  21  22                 Unit Test 01  02  03  04  05  06        

Homework Chapter    01  02  03  04  05  06  07  08  09  10  11  12  13  14  15  16 17 18  19  20  21  22