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6. A bondholder that owns a $1,000, 10%, 10-year bond has: (a) Ownership rights (b)

6. A bondholder that owns a $1,000, 10%, 10-year bond has: (a) Ownership rights (b)

6. A bondholder that owns a $1,000, 10%, 10-year bond has: (a) Ownership rights (b) The right to receive $10 per year until maturity (c) The right to receive
$1,000 at maturity (d) The right to receive $10,000 at maturity (e) The right to receive dividends of $1,000 per year 7. A company has net income of $850,000. It
also has 125,000 weighted-average common shares outstanding and a market value per share of $115. The company’s price-earnings ratio is equal to: (a) 16.9 (b) 14.7
(c) 92.0 (d) 13.5 (e) 8.0 8. Bonds that have interest coupons attached to their certificates, which the bondholders detach during each interest period and present
to a bank for collection, are called: (a) Coupon bonds (b) Callable bonds (c) Serial bonds (d) Convertible bonds 9. Amortizing a bond discount: (a) Allocates a
part of the total discount to each interest period (b) Increases the market value of the Bonds Payable (c) Decreases the Bonds Payable account (d) Decreases
interest expense each period (e) Increases cash flows from the bond 10. A corporation’s distribution of additional shares of its own stock to its stockholders
without the receipt of any payment in return is called a: (a) Stock dividend (b) Stock subscription (c) Premium on stock (d) Discount on stock (e) Treasury stock I
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