Powell Corporation had $10 par stock with a market price of $60, when it declared a 2-for-1 stock split. After the stock split, the number of shares outstanding will double, and the market price of the stock should drop to about $30.
Answer the following statement true (T) or false (F)
True
In a 2-for-1 stock split, the par value and market price per share will be cut in half, and the number of outstanding shares will double.
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The U.S. Department of Justice's guidelines on its foreign antitrust enforcement policy announced a jurisdictional standard that requires business practices to have a "________ and ________ effect on the foreign commerce of the United States."
A) fundamental; quantifiable B) fundamental; foreseeable C) substantial; foreseeable D) substantial; quantifiable
Sadie won a hot-air balloon ride and dinner for two for being the top revenue-producing mortgage loan officer at her company for the month of October. This contest exemplifies a company's efforts at
A. motivating salespeople. B. compensating salespeople. C. providing training for the sales force. D. increasing sales territories. E. promoting salespeople.
In an international draft, who is both the drawer and the payee?
a. The buyer b. The seller c. The buyer's bank d. The seller's bank
George wants to pick a stock for his Diversified Hedge Fund. The fund has holdings in every country with a stock market. George is trying to decide which asset he should add to his portfolio: Stock A or Stock B
Expected return, Standard deviation and beta values for the two stocks are outlined in the table below. Which stock is best for George's portfolio and why? Stock A Stock B Risk-Free Asset Expected Return 8% 12% 5% Standard Deviation 12% 22% Beta 1 2 A) Stock A because it has a lower Beta. B) Stock A because it has more return per unit of standard deviation. C) Stock B because it has a higher return. D) Stock B because it has a higher Treynor Index with respect to standard deviation. E) Stock B because it has a higher Treynor Index with respect to Beta.