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提问人：网友cccllll1850749 发布时间：2022-01-07

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A company has issued non－callable, non－convertible preferred stock with the following feat

A company has issued non-callable, non-convertible preferred stock with the following features:

· Par value per share: $10

· Annual dividend per share: $2

· Maturity: 15 years

An investor’s required rate of return is 8%, and the current market price per share of the preferred stock is $25. By comparing the estimated intrinsic value with the market price of the preferred stock, the most likely conclusion is that the preferred stock is:

A.fairly valued at $25.00.

B.undervalued by $15.00.

C.overvalued by $4.73.

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更多“A company has issued non－callable, non－convertible preferred stock with the following feat”相关的问题

第1题

Corporate bonds that include a call provision can be exchanged into common stocks of the c

ompany that has issued them. This exchange is made at a predetermined price.

A．True

B．False

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第2题

The profit of Sallie Mae is considerable although the margins are wafer-thin because _____

A．the company has used illegal methods to raise money.

B．the cost of college education has increased faster than the average income.

C．the government has issued policies to increase the profit in the industry.

D．students are safe borrowers who can repay the loan immediately.

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第3题

A company without default risk has issued a perpet...

A company without default risk has issued a perpetual dollar FRN at LIBOR. The coupon is paid and reset semiannually. It is certain that the issuer will never have default risk and will always be able to borrow at LIBOR. The FRN is issued on March 1, 2007, when the six-month LIBOR is at 5 percent. The dollar yield curve on September 1, 2007, and December 1, 2007, is as follows: A company without default risk has issued a perpet a. What is the coupon paid on September 1, 2007, per $1,000 FRN？ b. What is the new value of the coupon set on the FRN on September 1, 2007？ c. What is the new value of the FRN on December 1, 2007？

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第4题

A company has a balance on share premium account of $50,000 and on retained earnings of $7

5,000. Issued share capital is 400,000 of 25c shares. The company decides to make a bonus issue of 1 for 1. What are the closing balances on share premium and retained earnings.

A、Share premium retained earnings $25,000 Nil

B、Share premium retained earnings $10,000 $15,000

C、Share premium retained earnings Nil $25,000

D、Share premium retained earnings Nil $(275,000)

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第5题

ZBG has an issued 12% bond, which can be redeemed at par in 6 years’-time. The bond current market price is $105. The company pay tax a rate of 25%.Calculate the after tax cost of redeemable debt？

A、A. 7.9%

B、B. 7.5%

C、C. 8.3%

D、D. 8.7%

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第6题

A company has $500,000, 15% debentures which were originally issued at par. The company ha

d paid interest half yearly but the final installment is outstanding at the year end. Which of the following statements is correct？

A、The interest charge in the statement of profit or loss account will be $75,000

B、The interest charge in the statement of profit or loss account will be $37,500

C、The statement of financial position will contain a liability for outstanding interest of $75,000

D、The interest charge in the statement of profit or loss account will be $112,500

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第7题

A company has authorized capital of 50,000, 5% preference shares of $2 each and 500,000 or

dinary shares with a par value of 20c each. All of the preference shares have been issued. Only 400,000 ordinary shares have been issued. They were issued at a premium of 30c each. Interim dividends of 5c per ordinary share, plus half the preference dividend, have been paid during the current year. A final dividend of 15c per ordinary share is declared. The total of dividends payable for the year is:

A、$82,500

B、$85,000

C、$102,500

D、$105,000

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第8题

_1___or air consignment note refers to a receipt issued by an international courier comp

any for goods and an evidence of the contract of carriage, the AWB is__2__ . The AWB has a tracking number which can be used to check the status of delivery, and current position of the shipment. The number consists of a three digits airline prefix issued by IATA identifying ___3__ .In air freight, the exporter(the consignor)often engages a freight forwarder or consolidator to handle the forwarding of goods. The___4__ provides a Shipper&39;s Letter of Instructions which authorizes the forwarding agent to sign certain documents(e.g. the AWB)on behalf of the consignor. The AWB must indicate that the goods have been accepted for carriage, and it must be signed or authenticated by the __5__or the named agent for or on behalf of the carrier.

A.Bill of Lading

B.Air Waybill

C. Shipping Note

D.Mate’s Receipt

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第9题

Aqua Co has correctly calculated its basic earning...

Aqua Co has correctly calculated its basic earnings per share (EPS) for the current year.Which of the following items need to be additionally considered when calculating the diluted EPS of Aqua Co for the year？ (i)A1 for 5 rights issue of equity shares during the year at $1.20 when the market price of the equity shares was $2.00 (ii)The issue during the year of a convertible (to equity shares) loan note (iii)The granting during the year of directors' share options exercisable in three years' time (iv)Equity shares issued during the year as the purchase consideration for the acquisition of a new subsidiary company

A、All four

B、(i) and (ii) only

C、(ii) and (iii) only

D、(iii) and (iv) only

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第10题

5 You are an audit manager in Dedza, a firm of Chartered Certified Accountants. Recently,

you have been assigned

specific responsibility for undertaking annual reviews of existing clients. The following situations have arisen in

connection with three client companies:

(a) Dedza was appointed auditor and tax advisor to Kora Co, a limited liability company, last year and has recently

issued an unmodified opinion on the financial statements for the year ended 30 June 2005. To your surprise,

the tax authority has just launched an investigation into the affairs of Kora on suspicion of underdeclaring income.

(7 marks)

Required:

Identify and comment on the ethical and other professional issues raised by each of these matters and state what

action, if any, Dedza should now take.

NOTE: The mark allocation is shown against each of the three situations.

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