Merrick and Stanley Corporation has 28,000 outstanding shares. During a proposal for a merger, the shareholders decide to increase the quorum of the vote of shareholders to 75 percent using the supramajority voting rule
How many minimum affirmative votes are needed to pass the supramajority voting requirement?
A) 14,001
B) 21,280
C) 21,000
D) 28,000
C
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Financing that individuals or institutions have provided to a corporation is:
A. classified as a stockholders' equity when provided by creditors and a liability when provided by owners. B. always classified as a liability. C. classified as a liability when provided by creditors and as stockholders' equity when provided by owners. D. always classified as equity.
A firm has $80 million in equity and $40 million of debt, it pays dividends of 20% of net income, and has a net income of $10 million. What is the firm's sustainable growth rate?
A) 7% B) 8% C) 9% D) 10%