No-par value stock is characterized as stock which
On Monday, January 2nd, ABC Inc. declares a $0.10 dividend payable on Monday, Jan 16 to all shareholders of record as of Thursday, Jan 12. When will be the ex-dividend date for cash settled trades in the security?
Friday, Jan 13
An investor holds 10 warrants in XYZ Company. The company's common stock currently sells for $30.00 per share. What are the warrants worth?
It depends on the warrants' exercise price.
Which of the following statements best describes the risk and reward profile of preferred stock versus common stock?
Preferred stock is less risky than common stock and has less growth potential.
When comparing rights and warrants, which of the following statements is TRUE?
The exercise price of a right is generally below the price of the stock when the right is issued; the exercise price of the warrant is generally above the price of the stock when it is issued
Common stock is most often purchased to satisfy which of the following investment objectives?
Growth
An investor owns ten warrants of XYZ Co. These warrants are considered
equity securities, as they may be exercised for shares in XYZ.
Which of the following statements is not accurate with respect to a warrant?
There is no secondary market available for these securities.
What option does a shareholder receive under a "stock rights" event?
To maintain proportional ownership
All of the following statements are true of a callable convertible preferred issue EXCEPT that
the stockholder must surrender the preferred when called or lose the right to par value
