chap14 - Sheet1 Page 1 Bavarian Brew earned $3.25 per share...

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Unformatted text preview: Sheet1 Page 1 Bavarian Brew earned $3.25 per share in the last fiscal year and paid a cash dividend of $1.75 per share. The company expe a. $1.75 b. $3.25 c. $2.42 d. $1.48 status: not answered () correct: c your answer: -------------------------------------------------------------------------------- 2 You own stock in a company that has 2 million shares outstanding. The current stock price is $12. If the company does a 3- a. $12 b. $9 c. $14 d. $16 status: not answered () correct: a your answer: -------------------------------------------------------------------------------- 3 You own stock in a company that has 2 million shares outstanding. The current stock price is $12. If the company does a 4- a. 2,000,000 b. 2,666,667 c. 1,500,000 d. 1,333,333 status: not answered () correct: b your answer: -------------------------------------------------------------------------------- 4 Bavarian Brew shows the following shareholder's equity account: Common stock at par $5,000,000 Paid in capital in excess of par $8,000,000 Sheet1 Page 2 Retained Earnings $23,000,000 What is the maximum amount of dividends that the company can pay in cash dividends if it is headquartered in a U.S. state w a. $8,000,000 b. $31,000,000 c. $23,000,000 d. $13,000,000 status: not answered () correct: b your answer: -------------------------------------------------------------------------------- 5 Bavarian Brew had after tax earnings of $2,500,000 in 2004. The company needs $2,500,000 for new investments and plan a. $2,500,000 b. $1,000,000 c. $1,500,000 d. $2,250,000 status: not answered () correct: c your answer: -------------------------------------------------------------------------------- 6 You own stock in a company that has 2 million shares outstanding. The current stock price is $12. If the company does a 4- a. $12 b. $16 c. $9 d. $10 status: not answered () correct: a your answer: -------------------------------------------------------------------------------- 7 You own stock in a company that has 2 million shares outstanding. The current stock price is $12. If the company issues an Sheet1 Page 3 a. 12.00 b. 10.17 c. 14.16 d. 9.84 status: not answered () correct: b your answer: -------------------------------------------------------------------------------- 8 You currently hold 100 shares of Bavarian Sausage, Inc. stock which you purchased three months ago at $12 and which is Calculate the after tax return if you sell the stock on the ex-dividend date, assuming that the stock price will drop by the divide...
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chap14 - Sheet1 Page 1 Bavarian Brew earned $3.25 per share...

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