When Ira Purchased 500 Shares of Preferred Stock in the Fairlawn

question 285

Multiple Choice

When Ira purchased 500 shares of preferred stock in the Fairlawn Corporation, his certificate indicated the stock had a par value of $50 per share. This means that Ira

• A) will never get less than $50 per share when selling his stock.
• B) has shares that are currently worth $50 per share.
• C) may receive dividends based on this value per share.
• D) must receive a $5 dividend each and every year.

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Definitions:

Conspiracy

A secret plan made by two or more persons to perform an unlawful or harmful act.

Simulated Actuality

A created or artificial environment that is designed to closely mimic or replicate the experience of reality.

Hyperreality

A condition in which the distinction between reality and a simulated version of reality or fiction becomes increasingly blurred.

Ferdinand de Saussure

A Swiss linguist whose theories laid the foundation for many of the significant developments in linguistics in the 20th century, particularly in the field of structuralism.