1. Which of the following statement is false regarding a firm’s securities?
A) preferred stockholders usually have no voting rights
B) coupon payment are contractual obligations.
c) common dividends are paid after preferred dividends.
D) common stock ranks after bonds and preferred stocks in terms of the divisor of its
2. Following the previous question the price of stock E was just split 2 for 1 and the stock price was halved from $100 to $50 what is new divisor for the MHES index ?
A) 4 , B) 4.2112 , C) 4.5667 , D) 5.1078 , E) 5.2135
3. The NHES Index is price weighted stock index based on the 5 largest industrial firms in the nation the stock prices for the five stocks as of yesterday are $ 205 (A) $162 (B), $35 (C), $75(D), $100 € How much was the MHES Index value based on yesterday’s stock price?
A) 76.34
B)94.20
C) 111.00
D) 115.40
E) 156.40