Elita Took Six Courses Last Semester

question 363

Multiple Choice

Elita took six courses last semester. Her grades and course credits are as follows: Use the Letter Grade to Grade Point Value conversion table below to calculate her grade point average for the semester.

• A) 2.8
• B) 2.7
• C) 3.3
• D) 3.0
• E) 3.5

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Definitions:

Callable Preferred Stock

Callable Preferred Stock is a type of preferred stock that gives the issuer the right to redeem the stock at a predetermined price after a specified date.

Recall Price

The price at which a company can recall its shares or bonds before their maturity date, usually at a premium.

Retained Earnings

The cumulative amount of net income earned by a company that is retained and not distributed to shareholders as dividends.

Cumulative Preferred Stock

Cumulative Preferred Stock is a type of stock that entitles its holders to receive dividends in arrears before any dividends can be paid on common stock.