Want to pass your FINRA General Securities Representative Examination (GS) FINRA-SERIES-7 exam in the very first attempt? Try Pass2lead! It is equally effective for both starters and IT professionals.
VCE
A corporation makes a rights offering to raise $10 million of new capital by issuing one million shares of common stock. If it already has six million shares outstanding at the time of the offering. What subscription ratio is the corporation establishing for each new share?
A. 6 rights per share
B. 10 rights per share
C. 6 million rights per share
D. 10 million rights per share
A stock with a current P/E of 17 is selling at $74.50 per share. What are the company's earnings in the trailing 12 months?
A. about $4.28
B. $6.20
C. $1.70
D. impossible to calculate from this information
Who owns a corporation?
A. the owners of debentures
B. the holders of common stock
C. the holders of common stock and the holders of preferred stock
D. the government