Exam 21: Stocks, Bonds, and Mutual Funds

John invested $150,000, Sally invested $200,000, and Jane invested $50,000 into a partnership. Profits are distributed based on the partner's original investment. First year's profit is $25,000. How is this profit distributed?

Cumulative preferred stock is not entitled to dividends in arrears.

A bond quote of 74.375 is $743.50.

Al Roy bought five bonds of Jort Co. 11 3/4 at 93.25 and four bonds of Inst. System 12x08 for 81.125. If the commission on the bonds is $2.50 per bond, the total cost of all the purchases is:

Commissions charged on the trading of stock are:

The yearly interest of a bond is the face value of the bond:

Bond price-earnings ratios are similar to those of stocks.

The NAV is the dollar value of 10 shares of a mutual fund.

Assume $1.19 EPS. Calculate the yield percent (round to nearest tenth percent)

Loretta Scholten buys nine bonds of Leo Co. 7 ¼ 16 at 103.375. The commission is $3.00 per bond. The current yield to the nearest tenth of a percent is:

Abby Ring buys five bonds of Moe Co. 12 3/4 15 at 89.375 with a commission of $5.00 per bond. Her total annual interest is:

A bond that closed today at 94 down 2 closed yesterday in dollars at:

A bond quote of 82.25 in dollars is equal to:

ARUN stock closed at $8.11 + $.33. Yesterday's closing price was:

The price-earnings ratio of stocks is not standard.

Tim Sport bought four bonds of ABC 6 1/2 16 at 78.125. Can you help Tim calculate his (A) total annual interest, (B) total cost, and (C) current yield to the nearest tenth percent?

If someone buys a bond for less than $1,000, that person will receive less annual interest.

The general public is allowed to trade stock on the floor of the stock exchange.

What is the total interest for one year on this bond?

Stocks are traded over the Internet.