ARE143_CHAP_3

ARE143_CHAP_3 - (c The company has 25 million shares of...

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1 Managerial Economics (ARE) 143 University of California, Davis Instructor: John H. Constantine Chapter 3 Problem 1: (a) What are the distinguishing features of a money market instrument ? (b) Why is preferred stock “preferred”? Problem 2: YTD Yld Vol Net %Chg Hi Lo Stock (SYM) Div % PE 100s Close Chg -16.70 32.37 18.90 DRK DRK 0.30 1.30 16 2855 ?? 0.26 52 Weeks You are given the above stock quote for DRK Enterprises, Inc., at your favorite web site. (a) What was the closing price for this stock yesterday? (b) How many round lots were traded yesterday?
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Unformatted text preview: (c) The company has 25 million shares of stock outstanding. What was the net income for the most recent four quarters? Problem 3: YTD Yld Vol Net %Chg Hi Lo Stock (SYM) Div % PE 100s Close Chg 14.80 91.12 64.13 Erh-Dave (EDC) ?? 3.80 21 3186 84.12-0.86 52 Weeks You are given the above stock information for Erhardt-Daves. (a) What was the last quarterly dividend paid by EDC? (b) What are the earnings per share (EPS) for the company?...
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