A) 10 percent.
B) 5 percent.
C) 20 percent.
D) 25 percent.
E) 21 percent.
G) B) and C)
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A) Friday, March 7
B) Monday, March 17
C) Friday, March 14
D) Thursday, March 20
E) Friday, March 21
G) A) and B)
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A) require that participating stockholders reinvest all of the dividends to which they are entitled.
B) grant all participants a discount on share purchases.
C) increase the relevance of corporate dividend policies.
D) help shareholders create their own homemade dividend policies.
E) are no longer available in the U.S.
G) A) and D)
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A) requires all shareholders to sell a fraction of their shares.
B) is preferred over a high-dividend program only by tax-exempt shareholders.
C) decreases both the number of shares outstanding and the market price per share.
D) has no effect on a company's financial statements.
E) is essentially the same as a cash dividend program provided there are no taxes or other costs.
G) None of the above
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A) $30.33
B) $21.82
C) $16.18
D) $118.80
E) $94.93
G) D) and E)
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A) $12,696
B) $10,764
C) $11,469
D) $11,402
E) $12,878
G) D) and E)
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A) day prior to the ex-dividend date.
B) date-of-record.
C) declaration date.
D) payment date.
E) ex-dividend date.
G) None of the above
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A) $34.59
B) $39.40
C) $36.80
D) $34.20
E) $34.70
G) B) and D)
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A) be equivalent to a cash dividend.
B) be more desirable than a cash dividend in respect to taxes.
C) result in the same tax liability as an equivalent cash dividend.
D) be more highly taxed than a cash dividend.
E) be totally unacceptable to him.
G) A) and B)
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A) $354,000
B) $298,000
C) $346,000
D) $321,000
E) $325,000
G) All of the above
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A) An open market stock repurchase increases the total wealth of a shareholder if you ignore taxes, costs, and market imperfections.
B) Targeted repurchases must be offered to all shareholders but can be done in steps such that only a portion of the shareholders have the option to sell at any one point in time.
C) When a company wishes to repurchase shares in the open market, it will do so in a special trading session that is set up by the SEC.
D) A company may spend more cash over the course of a year on stock repurchases than it does on cash dividends.
E) Tender offer prices must be set equal to the opening market price on the day the tender offer is announced.
G) A) and B)
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A) Liquidating dividend
B) Stock split
C) Reverse stock split
D) Extra cash dividend
E) Special cash dividend
G) C) and D)
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A) Increase in the retained earnings account balance
B) Decrease in total owner's equity
C) Decrease in cash
D) Decrease in capital in excess of par value
E) Increase in the common stock account balance
G) None of the above
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A) $9.69
B) $12.86
C) $17.22
D) $13.07
E) $19.24
G) C) and E)
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A) Decision date
B) Date-of-record
C) Declaration date
D) Payment date
E) Ex-dividend date
G) None of the above
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A) $10.30
B) $9.43
C) $10.04
D) $9.92
E) $10.32
G) D) and E)
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A) $32.38
B) $32.20
C) $30.57
D) $32.15
E) $31.60
G) B) and D)
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A) reduces retained earnings by the total market value of the issued shares.
B) reduces the par value per share.
C) reduces retained earnings by the par value of each share issued.
D) increases the capital in excess of par value by the market value minus the par value of each share issued.
E) does not affect the equity accounts or the par value per share.
G) C) and D)
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A) $8,500
B) $10,000
C) $12,750
D) $15,000
E) $17,000
G) C) and E)
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A) reverse stock split.
B) liquidating dividend.
C) stock dividend.
D) stock split.
E) special dividend.
G) All of the above
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