A、reduces
B、increases
C、*
D、*
A、reduces
B、increases
C、*
D、*
· Par value per share: $10
· Annual dividend per share: $2
· Maturity: 15 years
An investor’s required rate of return is 8%, and the current market price per share of the preferred stock is $25. By comparing the estimated intrinsic value with the market price of the preferred stock, the most likely conclusion is that the preferred stock is:
A.fairly valued at $25.00.
B.undervalued by $15.00.
C.overvalued by $4.73.
BDL plc is currently preparing its cash budget for the year to 31 March 20X8. An extract from its sales budget for the same year shows the following sales values. $ March 60,000 April 70,000 May 55,000 June 65,000 40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in the month after sale and take a 2% discount; 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts. What is the value of sales receipts to be shown in the cash budget for May 20X7?
A、$60,532
B、$61,120
C、$66,532
D、$86,620
A、$11.67
B、$35.00
C、$70.00
D、$100.00
A、2.3
B、2.9
C、3
D、2.5
A、failure to exercise the care toward others which a reasonable or prudent person would do in the circumstances, or taking action which such a reasonable person would not.
B、the act of making untrue statements about another which damages his/her reputation.
C、from the Latin fiducia, meaning 'trust,' a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty.
D、To determine the liabilities and apportion the assets of esp. in bankruptcy or dissolution
A、$0.50
B、$0.49
C、$0.51
D、$0.52
A、Understated by $70,300
B、Understated by $59,200
C、Understated by $74,000
D、Overstated by $3,700
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