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- Assume you purchased 500 shares of XYZ common stock on margin at $29 per share from your broker. A. Find the following (note: fill in the blanks with values rounded to the nearest cent, no dollar signs "$", and commas "". Example: $1,234.567 >>> write as 1234.57) If the initial margin is 57%, the amount you borrowed from the broker is $ and your equity is $ B. What is the new margin if the price of share falls to $31? (note: fill in the blank with rounded % as follows: example 34.567% >>> write as 34.57%)A company conducts an initial public offering (IPO). At the end of the road show, the stock is priced at $100 per share and the investment bank charges $7 per share as compensation for its services under a firm commitment. The stock closes at $110 on the first day of trading and the media labels the IPO as a success. What is the "underpricing" on this IPO? Question 13 options: a) 6.4% b) 7.0% c) 10.0%Br. Shares are IPO published on sale and listed at 8,200 shares in primary market . The investors at IPO offer the price 18.00 with an unwriting discount at 6.5% Secondary market investors however were paying only 16.10 per share for Netshoes at 31.025 at 935 sharesoutstanding. total proceeds =!PO offer price for * IPO.
- Consider the following table, which is the ECN book for Intertech Company's stock. Entry Number Bid or Ask? Bid Bid Bid Bid Ask Ask Ask Ask 5 ECN Book for Intertech Company Shares 1,000 400 6 7 1 2 3 4 5 8 6 7 8 700 Suppose a new limit order is placed to purchase as many shares as possible at a price of no more than $40.42. A total of be purchased. 300 400 200 100 Which entries will be removed from the ECN after the transaction is complete? Check all that apply. 900 Price $40.06 $40.13 $40.22 $40.31 $40.42 $40.53 $40.63 $40.75 shares willFinancial Management Question. QUESTION ONE You are provided with the following information relating to V ltd Equity and liabilities 12% debentures (shs1000 at par) 16,000 10% preferences shares 6,250 Ordinary shares (Shs 10 par) 12,500 Retained earnings 28,125 Additional information The debentures are currently selling at Shs 950 in the market Company paid a dividend of Shs 5.00 per ordinary share and they are expected to grow at a rate of 10% per annum. The corporation tax is 40% Required Effective Cost of debt Cost of equity Weighted Average cost of capitalQuestion Share premium maybe debited in all of the following transactions except reissuance of treasury shares above cost incurrence of stock issuance costs recall of stockrights in exchange for cash retirement of shares below original issuance price Question 8 Entity A received a subscription for 2,000 shares at P18 per share on March 31, 20x1. Entity A's shares have par value of P5 per share. Entity collected the subscription receivable on May 15, 20x1. Which of the following statements is correct? Entity A should credit share premium for P13,000 on May 15, 20x1 Entity A should credit share premium for P13,000 on March 31, 20x1 Entity A should credit share premium for P26,000 on May 15, 20x1 Entity A should credit share premium for P26,000 on March 31, 20x1 Question 91 The entry to record the reissuance of treasury shares at a price that exceeds the previous reacquisition cost includes a credit to share premium debit to share premium debit to retained earnings none of the above
- Encircle the correct answer. No need Solutions Question 2: A 1,000 shares subscription was declared delinquent. The outstanding receivables from A related to 1,000 shares is P110,000. Which of the following offers would pertain to the highest bidder? Allocation of 1,000 shares. a.) Bidder Delinquent subscriber 750 250 b.) Bidder Delinquent subscriber 400 600 c.) 1,000 shares , None d.) Bidder Delinquent subscriber 500 500 shares Question 3: The shareholders equity of ANITA Corporation appears as follows: Ordinary shares, 50,000 shares P100 par = P5,000,000 Share premium = 200,000 Retained Earnings = 2,000,000 Treasury shares, 5,000 were acquired at P160/share If treasury shares were reissued for P800,000 what will be the correct journal entry? a.) Cash 800,000 Share Premium 200,000…Gloria Enterprises plans to go public with a public offering. Management would like to determine the potential price for its shares of common stock based on comparable price-earnings multiples. Gloria Enterprises reports earnings of $208,000 and plans to issue 80,000 shares of stock. The EPS and share price of three comparable firms are shown below: Firm EPS Share Price A $2.50 $ 89.20 В 3.60 119.70 2.00 83.54 Calculate the value of a share of Gloria Enterprises' stock using the price-earnings multiples method for both a trailing multiple and a forward multiple.Assume you purchased 420 shares of XYZ common stock on margin at $42 per share from your broker, If the initlal margin is 66%, the amount you borrowed from the broker is Multiple Cholce $5,998 $6,113 $17,640 $5,898
- R. You bought 100 shares of DataPoint for $25 per share and it is currently selling for $40 per share. Assume that the stock eventually declines to $31. In answering the following, please ignore brokerage commissions, margin interest costs, and other transaction costs Calculate your percentage Holding Period Return at the $31 price assuming that you placed a stop-sell order at $40 per share and the order executed at that price a. 60% b. 24% c. 37.50% d. 51.61%III.Determine the total transaction fee of each stock investment when it will be sold. Complete the table below and round off your answer to the nearest hundredths. Fees Gross Trade Amount Computation 1000 shares x P217.75 Amount P (13) less Broker's Commission Value Added Tax PSE transaction fee 0.0025 x P 217, 750 (15). (17). (19). (21). (14). (16). (18) _(20). (22), _(23). 0.12 x P 0.00005 x P Clearing Fee Sales tax 0.0001 x P 0.005 x P TotalComputing "K" Thomas's Inc. issued the 6% preferred stock at a price of $105 last year, this preferred stock is currently priced at $150.95. If Michaels wishes to sell some new preferred stock at par, what rate should they assign to the new shares? The stock has a notional face value of $100.