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40. A company sold 1 million shares of common stock at $10 book value and the stock price then rose to $25 per share on the N
38. If a companys annual income was $100,000, annual retained earnings was $60,000, and it had 400 shareholders, its quarter
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Answer #1

rate positively ..

Ans 40
Correct answer is option = b) $10,000,000
ans 41
quarterly dividend = 25
(100000-60000)/(400*4)
ans = option d) $          25.00
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