If the Globe and Mail Lists a Stock's Dividend as $1

question 33

Multiple Choice

If The Globe and Mail lists a stock's dividend as $1, then it is most likely the case that the stock:

• A)Pays $1 quarterly, or an estimated $4 annually
• B)Pays $0.25 quarterly, or an estimated $1 annually
• C)Paid $1 during the past quarter, with no future dividends forecast
• D)Paid $1 during the past year, with no future dividends forecast

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Definitions:

Cashier's Check

A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.

Drawer

The person or entity that issues or writes a check or draft, instructing their bank to pay the stated amount to the party named on the document.

Drawee

The party, usually a bank, that is directed to pay a certain amount of money from a person's account as stated in a check or draft.

Altered Check

A cheque that has been modified in a material way (e.g., changing the amount or payee) without the authorization of the issuer.