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| 1 | |
Cumulative preferred stock is not entitled to dividends in arrears. |
| | A) | True |
| | B) | False |
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| 2 | |
The previous days close of a stock is listed in today's transactions. |
| | A) | True |
| | B) | False |
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| 3 | |
A commission is only charged when buying a stock. |
| | A) | True |
| | B) | False |
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| 4 | |
Bond quotes are stated in percents of face value. |
| | A) | True |
| | B) | False |
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| 5 | |
If someone buys a bond for less than $1,000 they will receive less annual interest. |
| | A) | True |
| | B) | False |
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| 6 | |
The NAV helps an investor keep track of the value of ones investment. |
| | A) | True |
| | B) | False |
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| 7 | |
A stock price will rise if: |
| | A) | Supply of stock is greater than demand |
| | B) | The price earning ratio is 10 or greater |
| | C) | Stock yield is greater than 8 percent |
| | D) | Demand for stock is greater than supply |
| | E) | None of the above |
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| 8 | |
Stock yield is found by the annual dividend divided by the: |
| | A) | Opening price per share |
| | B) | Closing price per share |
| | C) | Price earning ratio |
| | D) | The net change for the day |
| | E) | None of the above |
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| 9 | |
Commissions charged on the trading of stock is: |
| | A) | Only on buying of stock |
| | B) | On buying and selling of stock |
| | C) | Only on sale of stock |
| | D) | Fixed |
| | E) | None of the above |
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| 10 | |
Bonds are usually in denominations of: |
| | A) | $100 |
| | B) | $1,000 |
| | C) | $10,000 |
| | D) | $100,000 |
| | E) | None of the above |
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| 11 | |
A bond that closed at 93 down 1 closed yesterday in dollars at: |
| | A) | $950 |
| | B) | $940 |
| | C) | $10 |
| | D) | $920 |
| | E) | None of the above |
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| 12 | |
The stock of Rawshy pays a dividend of $.72. The stock opened at $17.625 and closed at $17.375. The stock yield is: |
| | A) | 4.2% |
| | B) | 4.1% |
| | C) | 4.0% |
| | D) | 4.3% |
| | E) | None of the above |
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| 13 | |
Pete Doss bought 500 shares of CBS at $57.75 per share. Assume a commission of 2 percent of the purchase price. What is the total to Pete? |
| | A) | $28,875.00 |
| | B) | $29,452.50 |
| | C) | $28,758.00 |
| | D) | $29,524.05 |
| | E) | None of the above |
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| 14 | |
Moose Co. receives a dividend $6.20 per share. Today the closing price of the stock is $62.25. The current stock yield to the nearest tenth percent is: |
| | A) | 9.5 percent |
| | B) | 9.6 percent |
| | C) | 9.8 percent |
| | D) | 10 percent |
| | E) | None of the above |
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| 15 | |
Al Roy bought the 5 bonds of Jort Co. 11 ¾ at 93 ¼ and 4 bonds of Inst. System 12 x 08 for 81 1/8. If the commission on the bonds is $2.50 per bond, the total cost of all the purchases is: |
| | A) | $4,662.50 |
| | B) | $3,425.00 |
| | C) | $7,930.00 |
| | D) | $7,907.50 |
| | E) | None of the above |
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