1 you have purchased 100 shares of a stock for 25 per share, Ask an Expert

Finance

1. You have purchased 100 shares of a stock for $25 per share. The firm has just split the stock which is now selling for $80 per share. The split for 3 is one. You now own

a. 100 shares priced at $240 per share

b. 300 shares now priced at $25 per share

c. 33.333 shares priced at $240 per share

d. 100 shares now priced at 26.67 per share

e. None of the answers provided is correct

2. If a security that matures in 91 days has a money market yield of 3.6%, what is the security's bond-equivalent yield?

a. 2.75%

b. 3.55%

c. 2.71%

d. 3.65%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92768878

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