A common stock which pays a constant dividend can be valued as if it were: a
6.Why is the cost of debt normally lower than the cost of preferred stock? a. Preferred stock dividends are tax deductions. b. Interest is tax deductible. c. dmon stock dividends are not tax deductible.
Preferred stock dividends must be paid before common stock dividends
7.An appropriate capital budgeting process requires that the following steps are taken in which order? a) collection of data b) reevaluation and adjustment c) evaluation and decision making d) search for and discovery of investment opportunities a. d, a, c, b b. d, a, b, c c. d, b, a, c d. b, d, a, c
8.Which of the following is NOT a condition under which a prudent manager would accept some risk in financing? a. Inventory is highly perishable c. Price of inventory is stable d. Easy access to capital markets
9.The purpose of secondary trading is to: a. provide liquidity and competition between investments. b. provide a market to issue securities not handled in primary trading. c. provide jobs for brokers and dealers. d. provide lower commissions than on the organized exchanges.
10.The floor price of a convertible bond cannot fall below the: a. conversion ratio. b. conversion price. c. conversion premium. d. pure bond value.
CLICK HERE TO DOWNLOAD THIS TUTORIAL INSTANTLY $ Only 1. Which of the following is NOT a way that the Confederacy was like the North? Each government financed the war through taxes and issuing paper money. Both presidents, despite little military background, ably directed the war effort. Each government relied initially on volunteer soldiers, but later had to institute a draft, which provoked deep hostility. The demands of war tended to increase the power of the central government and accelerate industrialization on both sides.
2.Lincoln, later revered as the Great Emancipator, ironically infringed on the civil liberties of northerners during the Civil War?specifically by suspending the payday loans in South Dakota writ of habeas corpus in areas still in rebellion in the South. recommending postponement of the presidential election due to be held in 1864. defying the Supreme Court’s order to free those imprisoned without being charged. suspending the writ of habeas corpus in specified areas in the North.
3. The Union war effort began by implementing the strategy embodied in General Winfield Scott’s “anaconda plan,” which called for a concealed and roundabout infiltration of Confederate territory west of the Mississippi. postponing direct military operations until the North’s industrial capacity could be brought up to full military production. a sudden strike against a vulnerable point of the borders of the Confederacy. encircling and squeezing the Confederacy with a naval blockade.
Predictable cash-flow patterns b
4. At the beginning of the Civil War, which one of the following factors favored the South? the potential for developing an industrial base to sustain the war effort the fact that the fighting would be on southern soil the manpower pool the transportation system
5. The Civil War marked a significant change in the history of human warfare, in all EXCEPT which of the following ways? The complexity, size, and spatial spread of the armies on the battlefield jumped in magnitude. It was the first total war in history. More soldiers died of battle wounds than camp diseases. The technology of weaponry gave the defense the advantage over the offense.
6. With respect to slavery, Lincoln at first ________, but later he ________. was indifferent to the slavery issue; freed all slaves by executive order resisted any interference with the institution; reluctantly went along with Congress’s initiative in ending slavery by Constitutional amendment worried about alienating the border states; proclaimed, as a military measure, that slaves in rebel areas were free lagged behind northern opinion, which strongly supported emancipation; urged Congress not only to end slavery but also to give blacks full social and political equality