In the PPMT Function, the Per-Argument Periods Begin at 1

question 47

Multiple Choice

In the PPMT function, the per-argument periods begin at 1 and end at the last payment period, which equals ____.

• A) nper
• B) fv
• C) pv
• D) rate

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Definitions:

Shares Outstanding

The total number of shares of stock that are currently owned by shareholders, including share blocks held by institutional investors and restricted shares owned by company officers and insiders.

Stock Split

An action taken by a company to divide its existing shares into multiple shares to boost the liquidity of the shares, while keeping the market capitalization the same.

Market Value

The open market value at which a service or asset is available for trading.

Shares Outstanding

The total number of shares of stock that are currently owned by investors, including shares held by institutional investors and restricted shares owned by the company’s insiders.