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A Stock Listing Contains the Following Information: P/E 17

question 61

Multiple Choice

A stock listing contains the following information: P/E 17.5,closing price 33.10,dividend .80,YTD% chg 3.4,and net chg - .50. Which of the following statements are correct given this information?
I. The stock price has increased by 3.4% during the current year.
II. The closing price on the previous trading day was $32.60.
III. The earnings per share are approximately $1.89.
IV. The current yield is 17.5%.


Definitions:

Self-Tender Offer

A takeover-resistance strategy in which a target corporation offers to buy its shareholders’ stock.

Leveraged Buyout

The acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition.

Target Corporation

A large American retail company that operates large-box department stores across the United States.

Short-Form Mergers

A merger between a parent company and its subsidiary where approval by the shareholders of the subsidiary is not required.

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