Question 1

Royal Co. receives a dividend of $4.88 per share. Today the closing price of the stock is $59.95. The current stock yield to the nearest tenth of a percent is:

Accepted Answer

A)  8.1% 
B)  8.0% 
C)  8.2% 
D)  8.3% 
E)  None of these 
A)  8.1% 
B)  8.0% 
C)  8.2% 
D)  8.3% 
E)  None of these

Question 2

TOX bond 7.55 yields 11%. The bond traded at a low of 71.25 and closed today at 71.625 + .75. The closing price yesterday was:

Accepted Answer

A)  65.125 
B)  72.375 
C)  69.875 
D)  70.875 
E)  None of these 
A)  65.125 
B)  72.375 
C)  69.875 
D)  70.875 
E)  None of these

Question 3

The stock yield is the monthly dividend divided by the closing price per share.

Accepted Answer

A) True 
 B)False

Question 4

In dollars, what was yesterday's close?

Accepted Answer

The answer of   In dollars, what was yesterday's...

Question 5

Ron bought one bond of Bee Company for 82.25. The original bond was 6 3/4 15. The current yield is (to the nearest tenth of a percent):

Accepted Answer

A)  8% 
B)  8.2% 
C)  8.3% 
D)  9% 
E)  None of these 
A)  8% 
B)  8.2% 
C)  8.3% 
D)  9% 
E)  None of these

Question 6

A bond selling for more than the face value is selling at a premium.

Accepted Answer

A) True 
 B)False

Question 7

Each time the stock of a company trades on the exchange, the company receives additional money.

Accepted Answer

A) True 
 B)False

Question 8

Stocks are quoted in decimals.

Accepted Answer

A) True 
 B)False

Question 9

The stock of WAL-MAT pays a dividend of $.88. The stock opened at $18.25 and closed at $18.33. The stock yield is:

Accepted Answer

A)  4.8% 
B)  4.2% 
C)  4.1% 
D)  4.9% 
E)  None of these 
A)  4.8% 
B)  4.2% 
C)  4.1% 
D)  4.9% 
E)  None of these

Question 10

Dividends in arrears mean:

Accepted Answer

A)  No past dividends have been omitted 
B)  Preferred has been paid but not holders of common stock 
C)  Common stock must receive additional dividends not paid 
D)  A specific amount of dividends has not been paid 
E)  None of these 
A)  No past dividends have been omitted 
B)  Preferred has been paid but not holders of common stock 
C)  Common stock must receive additional dividends not paid 
D)  A specific amount of dividends has not been paid 
E)  None of these

Question 11

A company that has no PE ratio has no earnings.

Accepted Answer

A) True 
 B)False

Question 12

The previous day's close of a stock is listed in today's transactions.

Accepted Answer

A) True 
 B)False

Question 13

Stockbrokers:

Accepted Answer

A)  Do not act as middlemen 
B)  Cannot trade stock 
C)  Charge a commission for buying and selling 
D)  Are always right in all their stock recommendations 
E)  None of these 
A)  Do not act as middlemen 
B)  Cannot trade stock 
C)  Charge a commission for buying and selling 
D)  Are always right in all their stock recommendations 
E)  None of these

Question 14

A stock price will rise if:

Accepted Answer

A)  Supply of stock is greater than demand 
B)  The price-earnings ratio is 10 or greater 
C)  Stock yield is greater than 8% 
D)  Demand for stock is greater than supply 
E)  None of these 
A)  Supply of stock is greater than demand 
B)  The price-earnings ratio is 10 or greater 
C)  Stock yield is greater than 8% 
D)  Demand for stock is greater than supply 
E)  None of these

Question 15

The offer price of a mutual fund is always the NAV and commission.

Accepted Answer

A) True 
 B)False

Question 16

A mutual fund is an investment company that buys stocks and bonds and then sells shares in those securities to the public.

Accepted Answer

A) True 
 B)False

Question 17

Ace Corporation pays its cumulative preferred stock $1.95 per share. There are 40,000 shares of preferred and 80,000 shares of common. In 2012, 2013, and 2014, because of slowdowns in the economy, Ace paid no dividends. Now, in 2015, the board of directors has decided to pay out $600,000 in dividends. The common stockholders receive:

Accepted Answer

A)  $312,000 
B)  $288,000 
C)  $366,000 
D)  $444,000 
E)  None of these 
A)  $312,000 
B)  $288,000 
C)  $366,000 
D)  $444,000 
E)  None of these

Question 18

Moe Corporation pays its cumulative preferred stock $2.10 per share. There are 30,000 shares of preferred and 80,000 shares of common. In 2014, 2015, and 2016 no dividends were paid. Now, in 2017, $600,000 was declared. How much did each class of stock receive?

Accepted Answer

To preferred: $252,000; to com

Question 19

A bond yield is the total annual interest of a bond divided by the total current cost of the bond.

Accepted Answer

A) True 
 B)False

Question 20

Stocks are always quoted in:

Accepted Answer

A)  Percents 
B)  Quarters of a dollar 
C)  Decimals 
D)  Quarter lots 
E)  None of these 
A)  Percents 
B)  Quarters of a dollar 
C)  Decimals 
D)  Quarter lots 
E)  None of these

Royal Co. receives a dividend of $4.88 per share. Today the closing price of the stock is $59.95. The current stock yield to the nearest tenth of a percent is:

TOX bond 7.55 yields 11%. The bond traded at a low of 71.25 and closed today at 71.625 + .75. The closing price yesterday was:

The stock yield is the monthly dividend divided by the closing price per share.

In dollars, what was yesterday's close?

Ron bought one bond of Bee Company for 82.25. The original bond was 6 3/4 15. The current yield is (to the nearest tenth of a percent):

A bond selling for more than the face value is selling at a premium.

Each time the stock of a company trades on the exchange, the company receives additional money.

Stocks are quoted in decimals.

The stock of WAL-MAT pays a dividend of $.88. The stock opened at $18.25 and closed at $18.33. The stock yield is:

Dividends in arrears mean:

A company that has no PE ratio has no earnings.

The previous day's close of a stock is listed in today's transactions.

Stockbrokers:

A stock price will rise if:

The offer price of a mutual fund is always the NAV and commission.

A mutual fund is an investment company that buys stocks and bonds and then sells shares in those securities to the public.

Moe Corporation pays its cumulative preferred stock $2.10 per share. There are 30,000 shares of preferred and 80,000 shares of common. In 2014, 2015, and 2016 no dividends were paid. Now, in 2017, $600,000 was declared. How much did each class of stock receive?

A bond yield is the total annual interest of a bond divided by the total current cost of the bond.

Stocks are always quoted in:

Problem Solving With Math

Fractions

Decimals

Solving for the Unknown

Business Statistics

Banking and Budgeting

Payroll and Income Tax

Sales, Excise, and Property Taxes

Risk Management

Installment Buying and Revolving Charge Credit Cards

Discounts: Trade and Cash

Markups and Markdowns: Perishables and Breakeven Analysis

How to Read, Analyze, and Interpret Financial Reports

Depreciation

Inventory and Overhead

Simple Interest

Promissory Notes, Simple Discount Notes, and the Discount Process

The Cost of Home Ownership

Compound Interest and Present Value

Annuities and Sinking Funds

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Exam 21: Stocks, Bonds, and Mutual Funds

Royal Co. receives a dividend of $4.88 per share. Today the closing price of the stock is $59.95. The current stock yield to the nearest tenth of a percent is:

TOX bond 7.55 yields 11%. The bond traded at a low of 71.25 and closed today at 71.625 + .75. The closing price yesterday was:

The stock yield is the monthly dividend divided by the closing price per share.

In dollars, what was yesterday's close?

Ron bought one bond of Bee Company for 82.25. The original bond was 6 3/4 15. The current yield is (to the nearest tenth of a percent):

A bond selling for more than the face value is selling at a premium.

Each time the stock of a company trades on the exchange, the company receives additional money.

Stocks are quoted in decimals.

The stock of WAL-MAT pays a dividend of $.88. The stock opened at $18.25 and closed at $18.33. The stock yield is:

Dividends in arrears mean:

A company that has no PE ratio has no earnings.

The previous day's close of a stock is listed in today's transactions.

Stockbrokers:

A stock price will rise if:

The offer price of a mutual fund is always the NAV and commission.

A mutual fund is an investment company that buys stocks and bonds and then sells shares in those securities to the public.

Moe Corporation pays its cumulative preferred stock $2.10 per share. There are 30,000 shares of preferred and 80,000 shares of common. In 2014, 2015, and 2016 no dividends were paid. Now, in 2017, $600,000 was declared. How much did each class of stock receive?

A bond yield is the total annual interest of a bond divided by the total current cost of the bond.

Stocks are always quoted in:

Problem Solving With Math

Fractions

Decimals

Solving for the Unknown

Business Statistics

Banking and Budgeting

Payroll and Income Tax

Sales, Excise, and Property Taxes

Risk Management

Installment Buying and Revolving Charge Credit Cards

Discounts: Trade and Cash

Markups and Markdowns: Perishables and Breakeven Analysis

How to Read, Analyze, and Interpret Financial Reports

Depreciation

Inventory and Overhead

Simple Interest

Promissory Notes, Simple Discount Notes, and the Discount Process

The Cost of Home Ownership

Compound Interest and Present Value

Annuities and Sinking Funds

Filters