An investor owns preferred shares that allow her to

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71.An investor owns preferred shares that allow her to force the company to buy back the shares on a specified date and at a specified price. What is the name of this feature? a)Convertible. b)Redeemable. c)Retractable. d)Variable Rate.
72. The table below provides the demand and supply in the market for vacuum cleaners. If technology permits the suppliers to increase production by 1,500 units at each level, what is the impact on the economy?
Demanded (units) Supplied (units) $300 10,500 1,000 $350 10,000 2,500 $400 9,000 4,000 $450 7,000 5,500 $500 6,000 6,000 $550 2,000 8,000 $600 1,000 9,500
73.Shania has $10,000 to invest and wants to buy 1,000 POI Inc. which is currently trading at $9.00. But she is worried that a sudden spike in the price during the day could cost her more than she has. Identify the type of order Shania should place.
74.Stefan owns a $5,000 ABC convertible bond that is convertible into 50 ABC common shares for each $1,000 of face value. ABC shares have increased in price to $24 per share. What action would you recommend that Stefan take? a)Convert the bond so that he will own 250 ABC shares worth $6,000.
b)Continue to hold the bond until the election period and then convert it to ABC shares. c)Convert the bond so that he will own 208 ABC shares worth $5,000. d)Continue to hold the bond as it will increase in price as the shares increase in price. 75.Marco owns a 6% bond maturing in 7 years and a 7% bond maturing in 8 years. The duration on the 6% bond is 8, while the duration on the 7% bond is 7.5. Select the bond that will react more to a change in interest rates.
76. A Canadian Stock Exchange publishes the following dividend announcement: Payment ($) When Payable Shareholders of Record Ex Dividend Date Y Inc. 0.27 June 5 May 22 May 21 Identify the last date on which an investor may purchase shares of Y Inc. and still receive the dividend. Assume that all days are business days.

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