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Paraphin [41]
2 years ago
14

An investment adviser has placed an order with the underwriter for 250,000 shares of XYZ stock, a new company that will be liste

d on NASDAQ. The adviser will allocate this purchase to its largest discretionary accounts. This action is a(n):
Business
1 answer:
frutty [35]2 years ago
6 0

Complete Question:

An investment adviser has placed an order with the underwriter for 250,000 shares of XYZ stock, a new company that will be listed on NASDAQ. The adviser will allocate this purchase to its largest discretionary accounts. This action is a(n):

Group of answer choices

A. breach of fiduciary duty

B. front-running violation

C. fair and reasonable practice

D. insider trading violation

Answer:

breach of fiduciary duty.

Explanation:

In this scenario, an investment adviser has placed an order with the underwriter for 250,000 shares of XYZ stock, a new company that will be listed on NASDAQ. The adviser will allocate this purchase to its largest discretionary accounts. This action is a breach of fiduciary duty.

According to the Securities and Exchange Commission (SEC), if a registered investment adviser favours a client over another while allocating a block, it simply means that the registered investment adviser has violated his or her fiduciary duty to the other customers who were denied a piece of the block.

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I think the answer is D
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To help finance a new plant, Roxxon, Inc. just sold a noncallable 40 year bond. This $1,000 par bond sells for $1,155 and has a
murzikaleks [220]

Answer:

4.96%

Explanation:

In order to determine the component after-tax cost of debt first we need to  compute the before tax cost of debt by applying the RATE formula which is to be shown in the attachment below:

Given that,  

Present value = $1,155

Future value or Face value = $1,000  

PMT = 1,000 × 8.25% ÷ 2 = $41.25

NPER = 40 years × 2 = 80 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula

1. The pretax cost of debt is 3.54%  × 2 = 7.08%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.08% × ( 1 - 0.30)

= 4.96%

8 0
2 years ago
A group of manufacturers of LCD screens for computers and cell phones met together monthly in private conference rooms in hotels
aleksklad [387]

Answer: a. ​The manufacturers had engaged in a per se violation of antitrust laws.

Explanation: The Sherman and Clayton Acts would apply to US companies. The group of manufacturers of LCD screens were not specified as US companies. But by virtue of the fact of colluding with Korean makers they would have per se been violating the the Monopoly Regulation and Fair Trade Act (MRFTA) of Korea.

3 0
2 years ago
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization
Tom [10]

Answer:

The appropriate solution is "$2.91". A further explanation is given below.

Explanation:

Seems that the given question is incomplete. Below is the attachment of the full problem.

According to the question,

Common dividend,

= 509.83

Shares outstanding,

= 175

Now,

The dividend per share will be:

=  \frac{Common \ dividend}{Shares \ outstanding}

On substituting the values, we get

=  \frac{509.83}{175}

=  2.9133

or,

=  2.91

8 0
1 year ago
An industrial plant needs to make 100,000 parts per month to meet demand. Each month contains 20 working days, each of which all
Ratling [72]

Answer:

Part A:

Workers Needed=20.833≅21

Part B:

Productivity of individual worker=2.0833 parts/hour

Part C:

Multifactor productivity=0.0832 Parts/$

Explanation:

Part A:

Total parts =100,000

Workers needed= Total parts/(Parts per hour* hours per shift*Total Shifts)

Worker\ needed=\frac{100000}{10\ Parts/hour*8\ hours/shift*60\ shifts/worker} \\Workers\ needed= 20.833

Workers needed=20.833≅21

Part B:

Productivity of individual worker:

Productivity\ of\ individual\ worker=\frac{100000}{100\ workers*8\ hours/shift*60\ shifts/worker} \\Productivity\ of\ individual\ worker=2.0833\ parts/hour

Part C:

Total cost of material= $10*100,000=$1,000,000

Capital Costl= $100,000

Total labor Cost=21\ workers*8\ hours/shift*60\ shifts/worker*\$10/hour

Total labor Cost=$100,800

Multifactor productivity=Total Parts/(Total cost of material+capital cost+Total labor Cost)

Multifactor\ productivity=\frac{100000}{\$1,000,000+\$100,000+\$100,800} \\ Multifactor\ productivity=0.08324\ Parts/\$

3 0
2 years ago
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