Examlex
The CFO of Shalit Industries plans to have the company issue $300 million of new common stock and use the proceeds to pay off some of its outstanding bonds.Assume that the company,which does not pay any dividends,takes this action,and that total assets,operating income (EBIT) ,and its tax rate all remain constant.Which of the following would occur?
Securities Act
A U.S. law enacted in 1933 that requires the disclosure of significant financial information by companies offering securities (stocks, bonds) for public sale.
Exempt
To be free or released from an obligation, rule, or requirement typically imposed on others.
Securities Exchange Act
A U.S. federal law enacted in 1934 that governs the trading of securities, such as stocks and bonds, to protect investors and maintain fair and orderly markets.
Smart Drone
An Unmanned Aerial Vehicle (UAV) equipped with advanced technology for autonomous operations and data collection.
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