Which of the Following Statements Best Describes the Socioeconomic Class

question 1

Multiple Choice

Which of the following statements best describes the socioeconomic class of the current black population in the United States?

• A)The black population is dispersed proportionately throughout the class hierarchy.
• B)The majority of blacks in both rural and urban areas are part of the depressed underclass.
• C)A majority of blacks are part of the middle and upper-middle classes.
• D)The black population is divided into a stable middle/working class and a depressed underclass.

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Definitions:

Perpetual Preferred Stock

A type of preferred stock with no fixed maturity date, offering dividends indefinitely without obligation of redemption by the issuer.

Flotation Cost

The total costs that a company incurs when it issues new securities, including underwriting, legal, and registration fees.

Annual Dividend

The total amount of dividends a company pays to its shareholders in one year, usually presented on a per share basis.

WACC

Weighted Average Cost of Capital; a calculation of a company's cost of capital in which each category of capital is proportionately weighted.