In a condominium:
A) all residents own shares in the corporation that owns the building.
B) each resident purchases a living unit in the building.
C) the tenant owns a reversionary interest in the property.
D) the tenant creates a future interest in the property known as a possibility of reverter.
B
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From the following details provided by Segura, Inc., prepare the cost of goods sold budget for the year.
Which of the following best identifies the four main areas of finance?
A) Exchange rate management, investments, financial institutions and markets, international finance B) Corporate finance, investments, capital structure, international finance C) Corporate finance, investments, financial institutions and markets, international finance D) Corporate finance, capital budgeting, financial institutions and markets, regulation
Cyberco Corporation has 5 million shares of stock outstanding. Cyberco's after-tax profits are $15 million and
the corporation's stock is selling at a price-earnings multiple of 10, for a stock price of $30 per share. Cyberco management issues a 25% stock dividend. a. Calculate Cyberco's earnings per share before and after the stock dividend. b. Suppose an investor owns 100 shares of Cyberco before the stock dividend. Use the price earnings multiple to estimate the value of the investor's holdings both before and after the dividend. c. Comment on the results of the stock dividend for current shareholders.
The amount paid for an annuity divided by the expected return from the annuity is the:
A) FICA deduction ratio B) rate of return on the annuity C) exclusion ratio D) none of the above