frl 3

What are the distributions of either cash or stock to shareholders by a corporation called?

Dividends

Who can access Level 3 of NASDAQ's information?

NASDAQ market makers

The final decision on which one of two mutually exclusive projects to accept ultimately depends upon which one of the following

Net present value

Which one of the following indicates an accept decision for an independent project with conventional cash flows?

PI greater than 1.0

Which one of the following statements concerning bond ratings is correct?

Split-rated bonds are called crossover bonds.

Why is payback often used as the sole method of analyzing a proposed small project?

The benefits of payback analysis usually outweigh the costs of the analysis.

U. S. Treasury bonds:

are quoted as a percentage of par.

Kurt has researched T-Tek and believes the firm is poised to vastly increase in value. He has decided to purchase T-Tek bonds as he needs a steady stream of income. However, he still wishes that he could share in the firm's success along with th

crossover rating

Pro forma statements for a proposed project should generally do all of the following except:

include interest expense

The average accounting rate of return (AAR)

is similar to the return on assets ratio

National Trucking has paid an annual dividend of $1 per share on its common stock for the past 15 years and is expected to continue paying a dollar a share long into the future. Given this, one share of the firm's stock is:

priced the same as a $1 perpetuity