Which of the following is true of treasury stock?
Answer(s): D
it is stock that has been reacquired by the issuer. Treasury stock has no voting rights and is not entitled to receive dividends. The shares have been issued but are no longer outstanding in the market.
Bubba decides to buy equity securities. Which of the following statements is always true about what Bubba is buying?
they are not secured by collateral. Equity is ownership, which has no collateral security…or any other kind of security such as a guaranteed return, maturity, or marketability.
Which of the following securities provides the longest term of option privilege?
Answer(s): C
warrants. All of the others always have fixed maturity dates. Warrants often have no finite life and, if they do, it is a very long time.
A company may pay a declared dividend in which of the following ways:
all of the above. Dividends can be paid in all of these ways. They can also be paid with treasury stock or authorized but unissued stock.
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