The number of shares of outstanding stock is equal to the number of shares authorized minus the number of shares issued
Indicate whether the statement is true or false
False
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An economy has 100 households. The ten rich households each have incomes of $50,000 in period 1 and $75,000 in period 2. The ninety poor households each have incomes of $20,000 in period 1 and $25,000 in period 2. Assume that the price of the good is $1 in both periods. Also assume that the households borrow from each other. Suppose that each household decides that its consumption in period 1 will equal 50 percent of the present value of its income from both periods. The equilibrium real interest rate is about
A. 20 percent. B. 30 percent. C. 40 percent. D. 50 percent.
According to the text, ________ means that all the objects fall into one of the classes
A) mutually exclusive B) collectively exclusive C) mutually exhaustive D) collectively exhaustive E) object non-overlap
Achieving an increased return on common stock by paying dividends on preferred stock at a rate that is less than the rate of return earned with the assets invested from the preferred stock issuance is called:
A. Discount on stock. B. Preemptive right. C. Capital gain. D. Financial leverage. E. Premium on stock.
Which of the following categories of investments can be debt but not equity securities?
A) Trading securities B) Held-to-maturity securities C) Available-for-sale securities D) Both trading and available-for-sale securities