1. Which of the following is an example of a limit order only?

a) buy 100 shares of bombardier at best price b) buy 500 shares of bombardier at $10 c) sell 100 share of magna at best price d) buy 1,000 shares of magna at $80 upto december 19/08

2. A company announces a dividend on tuesday, september 2, payable on thursday, october 2 to shareholders of record on thursday september 18. The shares will trade ex-dividend on.

a) september 18 . b) august 28 c) september 16 d) september 2

3. A stop buy order is usually issued to:

a) protect a short position b) protect a long position c) limit the paper profit c) all of the above

4. When do preferred shares have voting rights:

a) never b) always c) if a specified number of dividends have been omitted d) after a specified time period

5. Alpha company pays a 5% cumulative dividend on 200,000 preferred shares with a $50 par value. it has not paid preferred dividends for the last 3 years. how much it pay this year before it can pay a common dividend?

a) $1,500,000 . b) $2,00,000 . c) $40,000 d)$500,000

6. The primary reason that a company undertakes a stock split is:

a) to increase the price of its shares b) to reduce the number of shares outstanding c) to improve the apperance of the balance sheet d) to lower the price of its shares.