Complete Series 7 Questions
Which of the following have equity positions in a corporation?
*I. Common Stockholders* *II. Preferred Stockholders* III. Convertible Bondholders IV. Mortgage Bondholders
ABC common stock is currently selling for $150 per share with a quarterly dividend of $1.50. The current yield for ABC common stock is...
4% ($1.50 * 4) = 6 6 / 150 = *4%*
The board of directors is responsible for setting all of the following EXCEPT
A) Declaration Date B) Payable Date *C) Ex-Dividend Date* D) Record Date
Which of the following statements regarding warrants is TRUE?
A) Warrants give the holder a perpetual interest in the issuer's stock B) The term of a warrant is generally shorter than the term of a right *C) Warrants are issued with other securities to make the offering more attractive* D) Warrants are safer than corporate bonds
ABC Corp has declared a record date of Thursday, May 17, for its next quarterly cash dividend. When is the last day the investor could purchase the stock regular way and receive the dividend?
Monday, May 14 (Must purchase THREE DAYS prior to the record date)
