Legal capital refers to the portion of stockholders' equity that cannot be used for dividends
Indicate whether the statement is true or false
TRUE
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Many companies report cash flow per common share on the statement of cash flows
a. True b. False Indicate whether the statement is true or false
When making an internal announcement that is unexpected and of a negative nature, which of the following would not be an appropriate step in presenting the information to the audience?
A) Open with a buffer that established mutual ground. B) Advance the reasoning for the decision. C) Announce the change or the bad news. D) Close with as much positive information as appropriate under the circumstances. E) Post a blog thread and allow employees to discuss the changes using social media.
A share of a preferred stock pays a quarterly dividend of $2.50. If the price of this preferred stock is currently $50, what is the simple annual rate of return?
A. 12% B. 18% C. 20% D. 23% E. 28%
Project A has a cost of $1,000, and it will produce end-of-year net cash inflows of $500 per year for 3 years. The project's required rate of return is 10 percent. What is the difference between the project's IRR and its MIRR? (Round off the answer to two decimal places.)
A. 3.88% B. 4.31% C. 5.09% D. 5.75% E. 6.21%