Reference no: EM133159552
Questions -
Q1) Maria Sanchez owns 700 shares of stock with a par value of $100. If she receives a dividend of 5%, how much will her total dividend be?
A) $700
B) $500
C) $350
D) $3,500
E) None of the answers is correct
Q2) Maria Sanchez owns 300 shares of a stock without a stated par value. If she receives a dividend of $2.00 per share, what will her total dividend be?
A) None of the answers is correct
B) $600
C) $500
D) $6,000
E) $60
Q3) Magdalena Kaur bought 200 shares of Clorox at $32.25 and paid commission of $0.20 per share to the broker. Clorox paid a dividend of $0.45 per share this year. What was the rate of yield?
A) None of the answers is correct
B) 1.39%
C) 1.09%
D) 1.45%
E) 2.25%
Q4) Magdalena Kaur bought 200 shares of Clorox at $32.25 and paid commission of $0.20 per share to the broker. Clorox paid a dividend of $0.45 per share this year. After 4 years, Magdalena sold the 200 shares for $32.50 and paid commission of $0.20 per share to the broker. What were the amount and percent of gain or loss on the sale?
A) 1.45% Gain
B) 1.39% loss
C) None of the answers is correct
D) 1.09%Gain
E) 0.46% Loss
Q5) Magdalena Kaur bought 200 shares of Clorox at $32.25 and paid commission of $0.20 per share to the broker. Clorox paid a dividend of $0.45 per share this year. If Magdalena held the Clorox stock for 4 years, receiving the same $90 dividend each year, what was the total change in the value over the 4 years?
A) None of the answers is correct
B) 5.08%Gain
C) 5.39% loss
D) 5.45% Gain
E) 3.46% Loss
Q6) The XYZ Corporation had a net profit of $120,000 in the fiscal year just ended. The capital stock consists of 8,000 shares of 8% convertible preferred stock with a par value of $50 per share and 20,000 shares of no-par common stock. If the board of directors declared a dividend of the entire earnings, what amount would be paid to preferred and common shareholders?
A) Preferred = $88,000 Common = $32,000
B) None of the answers is correct
C) Preferred = $32,000 Common = $88,000
D) Preferred = $78,000 Common = $22,000
E) Preferred = $22,000 Common = $78,000
Q7) Seth Ames owns 1,000 shares of convertible preferred stock in the XYZ Corporation, with a current market price of $52.00 per share. The preferred stock is convertible to common stock at the rate of 2 shares of common for each share of preferred. After the end of the year, common stock was selling for $32 per share. What would be the current market value of his stock before and after a conversion?
A) $6,400
B) $52,000
C) $64,000
D) $32,000
E) None of the answers is correct