Which of the following is true of preferred stocks?
A) Preferred stock with a conversion feature allows holders to change each share into a stated number of shares of common stock.
B) Like bonds, preferred stocks are due for payment on a fixed maturity date along with interest.
C) Restrictive covenants of preferred stocks include provisions about listing of stocks on the securities exchange and determining the price of stock.
D) A firm's bond indenture indicates how many authorized preferred shares and bonds it can issue.
A
You might also like to view...
Exhibit 20-4 On January 1, 2016, Average Leasing Company entered into a direct financing lease with a lessee, Lenny Company. The lease agreement calls for five equal annual payments of $75,000 at the beginning of each year with the first payment due on January 1, 2016. The leased property has an estimated residual value of $10,000, which Lenny does not guarantee. The property remains the property
of Average at the end of the lease term. Average desires a 12% rate of return. Present value factors for a 12% interest rate are as follows: Present value of $1 for n = 1 0.892857 Present value of $1 for n = 5 0.567427 Present value of an ordinary annuity for n = 5 3.604776 Present value of an annuity due for n = 5 4.037349 ? Refer to Exhibit 20-4. What is the amount of interest revenue that Average should recognize on the lease for the year ended December 31, 2016 (round the answer to the nearest dollar)? A) $37,017 B) $28,017 C) $36,336 D) $27,336
Production and sales estimates for April are as follows: Estimated inventory (units), April 19,000 Desired inventory (units), April 30 18,000 Expected sales volume (units): Area A 3,500 Area B 4,750 Area C 4,250 Unit sales price $20 The number of units expected to be manufactured in April is:
A) 11,500 B) 10,000 C) 12,500 D) 13,500
Using that same product, find research that indicates the product will be successful in the country that you are choosing to enter.
What will be an ideal response?
Vending machines are an example of ________.
A. intertype competition B. hypermarkets C. nonstore retailing D. direct mail E. scrambled merchandising