Exam 12: Annuities, Stocks, and Bonds

Mathematics Corp. will distribute $129,000 to its stockholders. There are 14,000 shares of 8% preferred stock, $80 par value, and 3,600 shares of common stock. What is the dividend per share to be paid to common stockholders?

Mary is considering the purchase of 5 bonds. What is the market value of these bonds? Face value of each bond: $500 Price per bond: 75.5% Interest rate: 9.25% Commission per $500 bond: $5

Bill purchased 100 shares of stock at $24.05 per share. The commission is 2.5% of the total transaction. What is the total cost of the transaction?

Marty purchased 290 shares of stock at $11.55 per share. The commission is 4% for round lots and an additional 5% for odd lots. What is the total cost of the transaction?

A corporation has 120,000 shares of common stock. The corporation had total earnings of $700,000, of which $250,000 was distributed to its stockholders. What is the earnings per share?

What is the amount of the annuity due if there are payments of $100 semiannually for 9 years at 6%?

A company reports net earnings of $3.10 on stock selling at $52.40. What is the price-earnings ratio? Round to the nearest whole number.

Flint purchased 430 shares of stock at $15.65 per share. The commission is 2.5% for round lots and an additional 4% for odd lots. What is the total cost of the transaction?

A company reports net earnings of $2.50 on stock selling at $45.25. Rounded to the nearest whole number, the price-earnings ratio is 12.

Whitney is considering the purchase of 75 bonds. What is the commission on this transaction? Face value of each bond: $850 Price per bond: 49.5% Interest rate: 17.45% Commission per $1,900 bond: $19

Carla is considering the purchase of 35 bonds. What is the total expenditure for these bonds? Face value of each bond: $1,150 Price per bond: 82.5% Interest rate: 9.325% Commission per $1,750 bond: $17.50

The Board of Directors of Ross Corp. has decided to distribute $300,000 to its stockholders. There are 62,000 shares of 6% preferred stock, $75 par value, and 4,800 shares of common stock. What is the dividend per share to be paid to common stockholders?

Miguel has 200 shares of a cell phone company's common stock. There are dividends of $500,000 to be distributed among its common stockholders. There are 175,000 shares of common stock outstanding. How much will Miguel receive?

Kaitlyn wants to have $25,000 in her sinking fund in 12 years at 8%. How much money should she make in quarterly payments?

Brent Burns uses Excel to prepare overviews of his investors portfolios including the percent increase or decrease of each of their investments. How could Brent use the formatting in Excel to draw attention to any investments whose value decreased since their previous meeting?

The present value of an annuity is the amount needed to invest _________ to receive a stream of payments for a given number of years in the __________.

A corporation has 125,500 shares of common stock. The corporation had total earnings of $1,460,000, of which $650,000 was distributed to its stockholders. What is the earnings per share?

What is the present value of yearly payments of $1,500 at 10% in 7 years?

Jean wants to have $5,000 in her sinking fund in 8 years at 5%. How much money should she make in yearly payments?

Read the following bond market report from left to right for South Bundett Corporation. Provide the information requested. Bonds Current Yield Volume Traded Last Net Change SoBun 7 a 18 8.2 48 57 +2 SoBuns __________________________________________________________ 7 __________________________________________________________ a __________________________________________________________ 18 __________________________________________________________ 8.2 __________________________________________________________ 48 __________________________________________________________ 57 __________________________________________________________ +2 __________________________________________________________