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olganol [36]
2 years ago
4

A corporation has issued $100 par, 8% cumulative convertible preferred stock, callable at par. The preferred is convertible into

1.4 shares of common stock. Currently, the preferred stock is trading at $102 while the common stock is trading at $75.50. The corporation calls the preferred stock at par plus accrued dividends of $2 per share. The corporation is making n(n):
a.tender offer
b.forced conversion
c.advance refunding
d.simultaneous transaction
Business
1 answer:
Serhud [2]2 years ago
3 0

Answer:

C. Advance Refunding

Explanation:

Advance refunding is the situation that involves issuance of new bonds to repay issued bonds previously owed. Advance refunding is only possible after ninety days have elapsed. The major aim of advance refunding is towards reducing the issuer's debt. In the case of this question, the preferred shares can be converted to common shares. This is done in order to pay previously owed issued bonds.

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dlinn [17]

Answer:

=E7/B7*100

Explanation:

For Kelly to want to see Joan's bonuses as a percentage of her base salary is because Kelly has already calculated the amount she was entitled to but she wants to know compare Joan's bonuses to her base salary. So to get that Kelly has to do divide Joan's total bonuses by her base salary then multiply by 100% the formula structure in cell G7 will be:     =E7/B7*100

5 0
2 years ago
As an HR specialist at a large auto manufacturer, you have noticed that many of the technicians employed by your firm are bored
amid [387]

Answer:

A. Implementing a job rotation program

Explanation:

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2 years ago
With the decline of fuel price globally, airline companies continue to reap the benefits. What impact will this have an Emirates
Assoli18 [71]

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5 0
1 year ago
A recent study conducted by Estelle Cosmetics Company showed that heavy users of Estelle's products comprise a small percentage
s344n2d4d5 [400]

Answer: Segmentation by usage

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From thr first paragraph it is clear that usage segmentation is used to separate the user's into different classes based on their usage, and identify which class to target when it comes to sales. At Estelle Cosmetics Company, it was deduced that of this company's total sales, less than 7% of this market are heavy users. These users purchase nearly 71% of the company's products. This company will probably focus their marketing efforts on the heavy users, as they contribute to the majority of sales within their company.

7 0
2 years ago
Who moved from rural villages into towns, where they specialized in a particular trade and produced superior quality products?
zlopas [31]
<span>This is a phenomenon described by Christian McLean's law as rural flight. Advancement of agricultural equipment have often made farmers to leave smaller villages to bigger towns where there are more better equipped farms and farmers after the end of world War 2 felts the need for specialist services focusing on planting just a particular type of crop and getting better results as old methods were not yielding enough harvest.</span><span />
3 0
2 years ago
Read 2 more answers
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