You have just purchased a share of preferred stock for $50.00. The preferred stock pays an annual

dividend of $5.50 per share forever. What is the rate of return on your investment?

A) 0.055 B) 0.010 C) 0.220 D) 0.110


D

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Which of the following is an argument supporting the “current operating” income recognition school of thought?

a. Most financial statement users look only to bottom-line net income to assess current performance and to make predictions regarding subsequent years’ performance. b. Under this approach, management makes the decision on whether or not an item is extraordinary and therefore excluded from the income statement. c. The summation of all income displayed on the income statement for a period of years should reflect the reporting entity’s net income for that period. d. Proper classification within the income statement allows both normal recurring items and unusual, infrequently occurring items to be displayed separately within the same statement.

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What are the pros and cons of personal contact recruitment?

What will be an ideal response?

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The doctrine of stare decisis provides that each court decision is independent and should stand on its own

Indicate whether the statement is true or false

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To expand your cultural horizons

a. make an effort to learn at least one other language. b. become friends with people from different cultural backgrounds. c. Attend cultural events, festivals, parades, and other activities sponsored by ethnic groups in your area. d. all of these choices.

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