Which legal claim comes with the most preferential treatment in the payment of dividends?
A) common stock
B) preferred stock
C) bond
D) reinvestment
Answer: B
You might also like to view...
Consider a market for used cars. Suppose there are only two kind of cars: lemons and good cars. A lemon is worth $1,500 both to its current owner and to anyone who buys it. A good car is worth $6,000 to its current and potential owners
Buyers can't tell whether a car is a lemon until after they have bought the car. What do economists call the problem that buyers of used cars face? What is the price of a used car? Explain and substantiate your answer.
Over the past century in the United States, real GDP per person has grown, on average, by about
a. 1 percent per year. b. 2 percent per year. c. 3 percent per year. d. 5 percent per year.
Use the following graph, which shows a change in the demand for pounds from D to D', to answer the next question.
Under a system of flexible exchange rates, the ________.
A. the payment deficit will cause changes in domestic price and income levels, shifting demand to the left, shifting supply to the right, and reestablishing the original exchange rate B. the price of a pound will increase to $3 C. the shortage equal to b?a would be met using international monetary reserves D. the price of a dollar will increase to 3 pounds
Suppose that due to a drought, the price of agricultural goods rises. If land is specific to agriculture, capital is specific to manufacturing, and labor is mobile between sectors, which of the following is TRUE?
a. The percentage change in labor income is less than zero. b. The percentage change in labor income is greater than the percentage change in the relative price of agricultural goods. c. The percentage change in labor income is greater than the percentage change in the relative price of manufacturing goods. d. The percentage change in labor income is less than the percentage change in the relative price of agricultural goods.