Chapter 08 Practice Quiz

Chapter 08 Practice Quiz - Chapter 08 Student Name _ _ 1....

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Chapter 08 Student Name _________________________ ________1.To trade securities on the floor of the NYSE, exchange members must purchase a: a. seat. b. post. c. dealer spot. d. trading license. ________ 2.You would like to earn a 9.5 percent rate of return on a 9 percent preferred stock. How much are you willing to pay for 10 shares? a. $94.74 b. $105.56 c. $947.37 d. $1,055.56 ________ 3.The common stock of Andy’s Sporting Goods sells for $25.40 a share. The company recently paid their annual dividend of $1.30 per share and expects to increase this dividend by 3 percent annually. What is the rate of return on this stock? a. 5.12 percent b. 5.27 percent c. 8.12 percent d. 8.27 percent ________ 4.The Black & Gold Co. is expected to pay a $2.50 annual dividend next year. The market rate of return on this security is 12 percent and the market price is $31.40 a share. What is the expected a. 3.74 percent
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This note was uploaded on 03/20/2011 for the course FIN 313 taught by Professor Richey,gregm during the Spring '11 term at CSU San Bernardino.

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Chapter 08 Practice Quiz - Chapter 08 Student Name _ _ 1....

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